The New Deal


During the 1930's, America witnessed a breakdown of the Democratic
and free enterprise system as the US fell into the worst depression in
history. The economic depression that beset the United States and other
countries was unique in its severity and its consequences. At the depth of
the depression, in 1933, one American worker in every four was out of a
job. The great industrial slump continued throughout the 1930's, shaking
the foundations of Western capitalism.

The New Deal describes the program of US president Franklin D.
Roosevelt from 1933 to 1939 of relief, recovery, and reform. These new
policies aimed to solve the economic problems created by the depression of
the 1930's. When ...

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made it clear immediate action was necessary. In
the first two years, the New Deal was concerned mainly with relief,
setting up shelters and soup kitchens to feed the millions of unemployed.


However as time progressed, the focus shifted towards recovery. In
order to accomplish this monumental task, several agencies were created.
The National Recovery Administration (NRA) was the keystone of the early
new deal program launched by Roosevelt. It was created in June 1933 under
the terms of the National Industrial Recovery Act. The NRA permitted
businesses to draft "codes of fair competition," with presidential
approval, that regulated prices, wages, working conditions, and credit
terms. Businesses that complied with the codes were exempted from
antitrust laws, and workers were given the right to organize unions and
bargain collectively. After that, the government set up long-range goals
which included permanent recovery, and a reform of current abuses.
Particularly those that ...

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PAPER DETAILS
Added: 2/25/2008 09:00:45 AM
Category: American History
Type: Premium Paper
Words: 839
Pages: 4

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