Fdr's Economic Problems

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The critical problems in the late 1920’s, threatening american economy was the older industries such as textiles, steel, and railroads, which were basic to the fundamental well-being of the economy, were barely profitable. Crop prices dropped, americans thought the nation would continue to prosper under Republican leadership. The bottom fell out of the market and the nation's confidence, and half of the banks failed. The causes of the stock market crashed and the Great Depression made the collapse of the economy occur more quickly and the depression worse than it could have been. Many were out of a job, and others experienced pay cuts and reduced hours. The Great Depression affected the economy in the United States and throughout the world…show more content…
The purpose of the second new deal was the Agricultural Adjustment Act, was a United States federal law of the New Deal designed to boost agricultural prices by reducing excess of income. The Government bought livestock for slaughter and paid farmers subsidies not to plant part of their land. New Deal programs for farmers were AAA, the Agricultural Adjustment Act of 1933. This act encouraged those who were still left in farming to grow fewer crops. Therefore, there would be less produce on the market and crop prices would rise. CCC, the Civilian Conservation Corps of 1933, FSA, the Farm Security Administration of 1935 and 1937, SCS, the Soil Conservation Service of 1935, and the REA, Rural Electrification Administration. The Second New Deal programs aimed at assisting young people and professionals. The Wagner act prohibited unfair labor practices. Supporters changed and recovered america. Labor and Economic reforms carried out under the second new deal, this made people got more jobs the government started help people get out of depression. The effects the new deal had on women was giving them opportunities to finally be equal to men. this was greatly displayed by eleanor roosevelt who traveled around the country and campaigned for FDR. During the Great Depression, African Americans were affected by unemployment. They were the first fired and the last hired. After Roosevelt was elected, he began to institute his “New Deal,” a series of economic programs intended to offer relief to the unemployed and recovery of the national economy. The group that formed the New Deal Coalition was mostly Roosevelt setting up his New Deal in 1933 and forging a coalition of labor unions, liberals, religious, ethnic and racial minorities
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