FDR’s Approach
President Roosevelt took a proactive approach to the Great Depression, immediately proposing the New Deal programs as practical steps towards rebuilding the nation’s economy. When he was elected, Roosevelt also demonstrated understanding of the need for emotional messages to help the American people remain calm and confident. For example, one of FDR’s most famous quotes was delivered in his inaugural address: “the only thing we have to fear is fear itself.” Roosevelt capitalized on the power of the radio to deliver his message of hope and inspiration to the American public. Starting in 1933, Roosevelt delivered the “Fireside Chats,” which informed the public but also provided the psychological solace that so many needed.
Who Benefitted from the New Deal
Ultimately all Americans benefitted from the New Deal, which comprised a number of different but related programs designed to stimulate the economy and mitigate harm. The New Deal programs entailed the creation of federally funded social programs, welfare initiatives that were primarily aimed at the poorest and most downtrodden of Americans. Many of the labor-oriented stimulus packages, like the Works Progress Administration (WPA), in fact had a tremendous impact on underserved members of society including people of color and women who were entering the workforce.
The Second New Deal
The First New Deal focused more on the basics, such as the establishment of the Securities and Exchange Commission (SEC), which is still in existence and proved essential for regulating the banking industry and the stock market. However, the First New Deal did not address unemployment. The Second New Deal did, and led to the WPA and the Social Security Act, which provided not just jobs but also long-term financial security for Americans.
New Deal vs. Progressive Legislation
The New Deal echoed some of the Progressive sentiments, particularly in that both reflected the needs of the common person, and also in that both aimed to reduce corruption in the banking and corporate sectors. For example, the Sherman Antitrust Act of 1890 was a forebear to Roosevelt’s 1934 Securities and Exchange Commission (SEC).
The American government has since steered clear of measures like price regulations and has instead promoted a model that trusts the elasticity of the market. However, New Deal measures like unemployment insurance and social security have remained in place. World War Two, rather than any direct effects of the New Deal, helped stimulate the American economy. Since the Reagan administration, the American government has followed a trajectory nearly opposite to
New Deal Philosophy and economy of new Deal The government of the United States became greatly involved in economic issues after the stock market had crashed in 1929. This crash visited most serious economic dislocation on America's economy. It lasted 1929-1940. This prompted President Franklin D. Roosevelt to launch the New Deal to alleviate the emergency. Very important legislations were and institutions were set up during the New Deal Era. These legislations
Johnson’s Great Society vs. FDR’s New Deal As Woods (2016) points out, Lyndon Johnson was a great supporter and admirer of Roosevelt’s New Deal program when it first rolled out during the Depression Era. When Johnson became president following Kennedy’s assassination in 1963, he set about building on the New Deal-era ideas with his Great Society approach to spreading liberalism and the concept that Americans were entitled to things like a
The President intended to implement safeguards to prevent another series of depression from occurrence. The President was convinced that the second series of reforms will provide assistance to the American people. The President introduced different programs; Works Progress Administration and the National Youth Administration. The government hired people, particularly men for the vacancies available in government departments. The President also introduced the Emergency Relief Appropriation Act, the Soil Conservation
New Deal Program in Florida Why was the program needed in Florida? Florida's economic boom went downhill despite the growth in the early 1920s. Severe hurricanes damaged a significant part of Florida, including Fort Lauderdale, Palm Beach, and Miami areas. A consequent outbreak of the Mediterranean fruit fly spread across Florida State thereby killing most of the citrus crop. Crop destruction and severe hurricane damages led to the downfall of Florida's
New Deal and the Great Society The stock market crash of 1929 brought an economic crisis worldwide, and unemployment in the United States rose from 3% in 1929 to 25% in 1933 (New Deal pp). When Franklin D. Roosevelt was nominated as the Democratic nominee, in July 1932, he promised "a new deal for the American people" and thus this phrase came to label his administration and its many domestic
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