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Overcoming The Great Depression Essay

773 Words4 Pages

Justina Hardin
Ms. Rueger
English 11-3
04 April 2023
Overcoming the Great Depression The Great Depression was the beginning of a new beginning for the United States and FDR. FDR created the New Deal that used the Three R’s and created the “alphabet agencies”, how statistics changed before, during, and after the New Deal was established, and FDR brought Frances Perkins, who worked on the New Deal, into his Cabinet. FDR combated the Great Depression using the New Deal. The Three R’s are relief, recovery, and reform. “Relief” was for the employed. “Recovery” was for the economy's recovery based on federal spending and the creation of jobs. “Reform” was the reformation of capitalism through regulatory legislation and new social welfare programs being created (Recchiuti 1). President FDR created “alphabet agencies” that were used to combat the negative effects of the Great Depression. The very first agencies were established in 1933 and are known as the AAA (Agricultural Adjustment Administration), CCC (Civilian Conservation Corps), CCC (Commodity Credit Corporation), CWA (Civil Works Administration), FCA (Farm Credit Administration), FDIC (Federal Deposit Insurance Corporation), FERA (Federal Emergency Relief Agency), HOLC (Home Owners Loan Corporation), NLB (National Labor Board), NRA (National Recovery Administration), PWA (Public Works Administration), RFC-1932 (Reconstruction Finance Corporation), TVA (Tennessee Valley Authority), and USEP (United States Employment Service). In 1934, the FCC (Federal Communications Commission), FFMC …show more content…

National output decreased by one-third. By the year 1933, one out of every fourth American citizen was unemployed, and roughly fifteen million workers were unemployed. The agencies of the New Deal helped provide more than ten million jobs to the citizens that were without jobs. By 1942, the unemployment rate was reduced to ten percent (Walker

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