The great depression was an economic recession in the united states that lasted from 1929 to the early 1940’s. In the long run the great depression was caused by farmers over producing food and unregulated speculation in the stock market. President Hoover was elected in 1928 at the height of the U.S economy. Hoover believed that the economy had natural cycles it would go through no matter what. Due to this belief, Hoover adopted a wait and see strategy during the depression, and encouraged rugged individualism and discouraged workers from striking or asking for more pay. He instead believed that these workers should be fired and replaced by obeisant workers for less pay. All of these factors kept the depression going. Because of Hoover, workers
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Programs such as the Civil Works Administration (CWA) and the Civil Conservation Corps (CCC) employed millions of workers in the 1930’s. The CWA Provided public works jobs at $15/week to millions of workers workers. Meanwhile, the CCC sent hundreds of thousands of young men to work camps to perform reforestation and conservation tasks. This Removed surplus of unemployed workers from cities, and provided healthy living conditions for boys and young men. This money was used to help support the boys …show more content…
When banks failed, everyone with money in the bank lost everything. Under the new deal, FDR created the FDIC which federally insured bank deposits with the governments money. Now, if a bank failed, the government would pay back the deposit of everyone who had put money in the bank. Second, the NRA was formed to protect workers from being taken advantage of by their employers. It established a minimum wage that all employers had to pay. In addition to this, the NRA permitted and protected the collective bargaining of workers. Now workers could go on strike and demand higher wages without being fired for it.
Some people may argue that the new deal was a bad idea and ended up being detrimental to society. They emphasize the amount of debt the US accumulated while the new deal programs were in place. In this they are right, the national debt did drastically increase. The government did not generate enough tax revenue to pay for all of the new programs out of pocket, so they went into debt. However, I believe this was a necessary evil. A government must invest in the well being of all its people, even if that means going into debt. The new deal successfully helped americans get through the great depression. If a situation as dire as the great depression faces the people of the United States it is the duty of the government to protect them from it as they would an invading force. The first intention
Programs such as the Civil Works Administration (CWA) and the Civil Conservation Corps (CCC) employed millions of workers in the 1930’s. The CWA Provided public works jobs at $15/week to millions of workers workers. Meanwhile, the CCC sent hundreds of thousands of young men to work camps to perform reforestation and conservation tasks. This Removed surplus of unemployed workers from cities, and provided healthy living conditions for boys and young men. This money was used to help support the boys …show more content…
When banks failed, everyone with money in the bank lost everything. Under the new deal, FDR created the FDIC which federally insured bank deposits with the governments money. Now, if a bank failed, the government would pay back the deposit of everyone who had put money in the bank. Second, the NRA was formed to protect workers from being taken advantage of by their employers. It established a minimum wage that all employers had to pay. In addition to this, the NRA permitted and protected the collective bargaining of workers. Now workers could go on strike and demand higher wages without being fired for it.
Some people may argue that the new deal was a bad idea and ended up being detrimental to society. They emphasize the amount of debt the US accumulated while the new deal programs were in place. In this they are right, the national debt did drastically increase. The government did not generate enough tax revenue to pay for all of the new programs out of pocket, so they went into debt. However, I believe this was a necessary evil. A government must invest in the well being of all its people, even if that means going into debt. The new deal successfully helped americans get through the great depression. If a situation as dire as the great depression faces the people of the United States it is the duty of the government to protect them from it as they would an invading force. The first intention