The Great Depression was a period of immense suffering, in which the worst economic downturn in history was recorded. The unemployment rate was at an all time high, the dust bowl swept across the great plains and America was plain out downtrodden. The Great depression occurred in 1929, a year after president Herbert Hoover was elected. Hoover a conservative, was elected over Al Smith during a prosperous America, but little he did he no the great nation was about to head southward into poverty. Hoover embodied many ideals, which further postponed the collapse of the great depression, these ideals were voluntary cooperation, rugged individualism, and the natural cycles of economy. His beliefs further elevated the Great Depression because, he …show more content…
The Works Progress Administration, Social Security Act, and the National Youth administration provided many jobs to the American people. Based, on document 1 a young female was able to land a job in the NYA. This not only alleviated some burden from her parents,but it also allowed for this also allowed her to spend more money, which recycles through her expenditures and contributes to the economy. The extra money she spent therefore provided even more jobs and helped alleviate the unemployment crisis. In document 6 the WPA provided jobs for many Americans. Not only did it provide jobs, but it also distributed millions of hot meals to children. This meant that it saved parents money that they could entrust in banks and it also helped lower the all-time high unemployment rate. Based on doc 8 the social security act also helped provide jobs by removing the elderly from the work force. The SSA helped the elderly retire by sending them checks and allowing them to survive without having to work anymore. This allowed more workspace in the job market and also allowed the elderly to spend money and continue to contribute to the …show more content…
The Federal housing administration distributed government insured loans in order to buy houses. This allowed people to willingly buy houses fearlessly. This meant that the housing market fail was relieved of its deflated prices. The FHA not only decreased homelessness, but it also helped contribute to the economy by returning the housing prices and made house sales more frequent providing more jobs in real estate. The Home Owner’s loan corporation also helped fight against the housing crisis. The holc simplified the mortgage process and made it easier to buy homes. This meant that people were buying homes quickly providing almost instant relief to the homeless and giving instant money to the economy. The FDIC also indirectly aided the housing process. It established trust by insuring money placed in banks. This meant that more people were trustful towards banks and it allowed the banks to lend out more money to
Before FDR could begin the real work of social reform, he first needed to ensure that banks were on stable foundations. The Emergency
Overall, the federal government was never really hands on in housing, that changed in the 1930’s when the Federal Housing Administration (FHA) was created to be apart of the New Deal. After the Great Depression, the FHA sought to rebuild the housing market by introducing the mortgage lending system, that is still used today. The FHA actually did quite the opposite, “instead, the FHA adopted a racial policy”, that took advantage of racial covenants and insisted properties that were insured by them to use those covenants. The FHA introduced redlining policies in many American cities and with the Home Owners Loan Coalition (HOLC), a federally-funded program created to help homeowners refinance their mortgages, it seemed that it would never end.
Hook (anecdote) - “ The only thing we have to fear is fear itself. ”Acknowledge Opposite Side then Counter with Rebuttal (Establish Tone) - Franklin Delano Roosevelt said this in his First Inaugural Address to the nation in March 1933.Explanation- FDR is saying that this country should not be afraid, but to trust him. Relationship- This reasoning applies to FDR’s goals as a president.
In addition, the New Deal also created works programs like the WPA which, “Created jobs for millions of unemployed people constructing roads, hospitals, parks, and many other projects”(Kantor’s Website). These works programs provided men with jobs so they could receive paychecks to feed their families. Even though the salary was at an all time low, anything helped, and the parents were just glad to be able to provide hot lunches for their kids. The New Deal policies allowed families to get back on their feet and relieve some of their
“The National Industrial Recovery Act and the National Recovery Administration were designed to address the unemployment by regulating the number of hours worked per week and banning child labor” (“New Deal”). The president and congress re-organized all working situations in order to equally disperse money to everyone living in America. President Roosevelt's acts reconstructed Americans jobs and their
At the start of Roosevelt’s presidency, unemployed affected approximately 13 million people. Fueling his administration’s agenda to create job opportunities and protect workers. Roosevelt signed the National Industrial Recovery Act of 1933 (NRA) in reaction to a national emergency that caused extensive job losses and disorganization. “It represents a supreme effort to stabilize…the prosperity of the Nation, and the preservation of American standards”, Roosevelt said after signing the act into law. The NRA strived to reduce unemployment by aiding the people through work programs and economic reform of the industrial sector.
The Great Depression was a time of peril for the strong majority of Americans. Hoover’s main solution was to not do much, to let time pass and hope the problem goes away. Well, that’s being unfair, he enacted some questionable policies. For example, he signed the Smoot-Hawley Tariff bill that would tax 40% of trade.
Unemployment rates were high and poverty was starting to become widespread. FDR spoke about putting people to work, by hiring them directly by the government itself, treating the task of work as our culture would treat War, but at the same time, through this employment, accomplishing greatly needed projects that stimulated the economy and encouraged the use of natural resources. (Doc 2) FDR passed 2 New Deal Legislations: Civilian Conservation Corps (CCC); which employed youth in reforestation, road construction, and flood control projects; The Works Progress Administration(WPA) employed 8 million people on public works projects. (Doc 3) The WPA was very effective because it not only dealt with the issues of unemployment, but improved the deteriorating parts of the country. The CCC also functioned in the same way, providing millions of jobs for unemployed workers, while maintaining and exploring the
So, to solve this problem, the government set up administrations, corporations, and acts. One administration, was the WPA (Works Progress Association). This gave the unemployed jobs to build and maintain jobs, schools, and
Acts such as Bank Holidays and the Emergency Bank Act closed banks temporarily, and in some cases, permanently to stop the panic and give banks the chance to get situated. Recovery programs refueled consumer demand. The largest of these was the Works Progress Administrations that provided numerous citizens with jobs building public infrastructure like roads and buildings. (Doc G) Reform programs were implemented to avoid another depression and protect citizens against future economic disasters. (Doc B) Reforms such as the Social Security Act promised financial aid citizens over 65.
Roosevelt discusses his belief that new jobs should be created to resolve the economic problem. When the Depression hit, over 13 million people lost their jobs, and income was reduced by 40%. To help resolve this problem, Roosevelt created the New Deal. The New Deal was an economic plan to help improve infrastructure and create jobs at the same time (Source C). The WPA, the Works Progress Administration, was the largest New Deal agency that employed millions of people to carry out public works projects such as building highways, sewers, and reservoirs.
The Home Owners Loan Corporation allowed people to refinance mortgages to prevent anymore foreclosures. The Federal Emergency Relief Administration provided grants for state governments for projects related to agriculture, construction, arts, and education. By setting aside unnecessary loans and establishing those that would benefit the country, it allowed for the people of the US to be able to strive for the better. In doing so it also showed people how impactful these loans were as they contributed greatly towards the great
The wealth during the 1920s left Americans unprepared for the economic depression they would face in the 1930s. The Great Depression occurred because of overproduction by farmers and factories, consumption of goods decreased, uneven distribution of wealth, and overexpansion of credit. Hoover was president when the depression first began, and he maintained the government’s laissez-faire attitude in the economy. However, after the election of FDR in 1932, his many alphabet soup programs in his first one hundred days in office addressed the nation’s need for change.
Millions of previously unemployed American’s went to work as a result of the Federal Emergency Relief and Wagner Peyser Acts. Millions more found employment with the CWA building bridges, roads, and airports. Still more were employed through the CCC planting trees, and battling forest fires. He also created the AAA to help the farmers who were suffering from both drought and low crop prices. For the first time in years, the nation had hope (U.S.History
How far was the New Deal a turning point in US history? The New Deal was made in response to a set of policies by Franklin Delano Roosevelt (FDR) to combat issues caused by the global financial meltdown of 1929, initiated by the Wall Street Crash. This decade long historic financial downturn has been identified as the Great Depression (1929-1939). The New Deal focused on what people refer to as the ‘three R’s’: