The election of FDR in 1932 cast a new light on the problems facing countless Americans at the time. Three years of economic strife had taken their toll on the American people. The new president pledged to make changes to help America, and one of these changes was the New Deal. The program was created in the hopes that it would give the American people hope in a time of despair. It implemented programs like Social Security, health care reform, the NIRA and the FDIC. Franklin D. Roosevelt also used the New Deal program as a way of creating jobs for the american people. Through the WPA He was able to create jobs for the unemployed which boosted the nation's economy. The New Deal was beneficial to the American people because it brought a sense
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The United states financial system was in ruins after the stock market crashed. The complete crash of the stock market occurred “On October 24th, 1929 when about 13 million shares of stock were sold. “The damage was extended on Tuesday, October 29 when more than 16 million shares were sold making the day forever known as Black Tuesday.” (John Hardman). Banks were failing, the nation’s money supply was dwindling, and companies were going bankrupt. The New deal was a response to America’s spiraling economic despair. It created millions of jobs and work programs that lifted the American psych. FDR enacted the New Deal immediately after he was elected, with the emergency banking act “which reorganized the banks and closed the ones that were insolvent” (An evaluation of the New Deal). In addition, as a result of the New Deal, agriculture improved with about a 50% increase of income for farmers (John Hardman). The New deal improved the lives of many …show more content…
During the first 100 days of FDR’s term he implemented programs like the Federal Emergency Relief Act, the Agriculture Adjustment Act, and the Federal Securities Act. Through these numerous programs FDR’s New Deal distributed millions of dollars to States in need, rebuilt American agriculture, and stiffened regulations on business. This benefited Americans during the depression because they established reform and order during a time of chaos and array. In addition, the New Deal also benefited the education system in
The United states financial system was in ruins after the stock market crashed. The complete crash of the stock market occurred “On October 24th, 1929 when about 13 million shares of stock were sold. “The damage was extended on Tuesday, October 29 when more than 16 million shares were sold making the day forever known as Black Tuesday.” (John Hardman). Banks were failing, the nation’s money supply was dwindling, and companies were going bankrupt. The New deal was a response to America’s spiraling economic despair. It created millions of jobs and work programs that lifted the American psych. FDR enacted the New Deal immediately after he was elected, with the emergency banking act “which reorganized the banks and closed the ones that were insolvent” (An evaluation of the New Deal). In addition, as a result of the New Deal, agriculture improved with about a 50% increase of income for farmers (John Hardman). The New deal improved the lives of many …show more content…
During the first 100 days of FDR’s term he implemented programs like the Federal Emergency Relief Act, the Agriculture Adjustment Act, and the Federal Securities Act. Through these numerous programs FDR’s New Deal distributed millions of dollars to States in need, rebuilt American agriculture, and stiffened regulations on business. This benefited Americans during the depression because they established reform and order during a time of chaos and array. In addition, the New Deal also benefited the education system in