University:
Arizona State University
Course:
HST 200 | Historical Themes
Academic year:

2024
Views:

195

Pages:

3
Author:

Thuyoul US

The New Deal Effects A Thorough Examination Overview President Franklin D. Roosevelt launched the crucial New Deal, a set of policies, from 1933 to 1939, in an effort to alleviate the economic damage caused by the Great Depression. It aimed to revive the economy, help the unemployed, and reform the banking sector to stop another crisis from happening. This essay makes the case that the New Deal's numerous initiatives and reforms not only offered short-term financial assistance but also set the stage for long-term changes to the nation's social and economic policies. Quick Financial Assistance The New Deal's emphasis on providing immediate help to individuals impacted by the economic crisis was one of its most important features. Millions of Americans gained employment because to initiatives like the Works Progress Administration (WPA) and the Civilian Conservation Corps (CCC). Over 3 million young men were engaged by the CCC alone, for example, to work on environmental projects like reforestation and the construction of national park infrastructure. This prompt assistance not only prevented hunger and poverty but also boosted local economies by encouraging more spending. Reforms in Institutions Important changes that revolutionized American economic institutions were also brought about by the New Deal. The 1935 passage of the Social Security Act signaled a dramatic change in the direction of a federal safety net for the elderly and jobless. This statute established financial support and turned it into a pillar of contemporary American social welfare. In addition, the Securities and Exchange Commission (SEC) was established by the Securities Exchange Act of 1934 to oversee the stock market and stop the kinds of misdeeds that precipitated the 1929 crisis. A more secure and just economic system was made possible by these improvements. Extended Social Effects Beyond reform and immediate alleviation, the New Deal had long-term effects on society. With the passage of the National Labor Relations Act in 1935, workers gained more power and unions were fortified, enabling them to continue fighting for workers' rights to this day. The American ideal was reshaped as initiatives like the Federal Housing Administration (FHA) made house ownership more accessible to middle-class citizens. In addition to energizing the economy during the Great Depression, these adjustments also left a legacy of enlarged social justice and civil rights programs that would impact later movements. In summary In summary, the New Deal was a revolutionary era that reinterpreted the role of government in the economy and society rather than just a collection of reactionary policies in response to the Great Depression. Through its provision of emergency relief, implementation of reforms, and promotion of long-term social change, the New Deal created a framework that has influenced American social and economic policies for many years. Its influence can be seen in conversations today regarding how to strike a balance between free market ideals and government action. Citations 'The Age of Roosevelt: The Coming of the New Deal', A. M. Schlesinger, Houghton Mifflin Badger, A. (1999) 'The New Deal: The Depression Years, 1933-1940', Wiley Perdue, C. (2014) 'The New Deal: The 1930s', Oxford University Press