To What Extent Was The New Deal A Success What Were Its...

Smitkumar Patel US History – 2 Professor Ojserkis 1 May 2017 To what extent was the New Deal a success? What were its successes and failures? The new deal was many programs issued by the US government to help the economy after the stock market crash of 1929. The new deal was issued because of the great depression and the new deal was a way to get out of the great depression. The great depression began in August 1929 and it lasted for about 10 years. â€Å"The Great Depression lasted from 1929 to 1939, and was the worst economic downturn in the history of the industrialized world.† (History.com) The Great Depression caused many issues in the US such as job losses. The president during the great depression was President Herbert Hoover and he was†¦show more content†¦Ã¢â‚¬Å"One if four Americans was out of work by 1933† (Livingnewdeal.org). A huge amount of the US population was unemployed and to change that President Roosevelt had to do something. In his new deal president Roosevelt created many jobs. What the new deal did was it created many different agencies to provide work for millions of unemployed workers and paid wages which saved many families. There were many agencies such as the American Federation of Labor (AFL) and The Public Works Administration (PWA), and Work Progress Administration (WPA) which gave work to 3 million people. The new deal also helped recover the economy by stabilizing the banks and cleaning up the mess from the stock market crash of 1929. â€Å"Roosevelt sought to reform the financial system, creating the Federal Deposit Insurance Corporation (FDIC) to protect depositors accounts and the securities and exchange commission (SEC) to regulate the stock market and prevent abuse of the kind that led to the 1929 crash† (History.com). Not only did Roosevelt make agencies to help create jobs there was also many agencies created to help the financial system and to regulate the stock market so that something like the great depression does not happen again. This shows that t he new deal was successful because it was able to give many jobs to unemployed Americans and fix the stock market and the financial system and manyShow MoreRelatedNatural Disasters And Attacks By Individuals Or Groups1710 Words   |  7 PagesFurthermore, the model deals with a magnitude of events, to which federal and community partnerships are essential in creating a foundation for managing the crisis (I.C.,2012). The aim of this model is the application when necessary of the best possible practices, and procedures, which hinder on safety, achievement of objectives, and efficiency (I.C., 2012). 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