When Franklin D. Roosevelt accepted the Democratic nomination for presidency in 1932, he promised the American people a “New Deal.” The New Deal was President Roosevelt’s program to deal with the deepening Great Depression.
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It was implemented with the purpose of raising farm income by reducing acres planted, paying farmers not toe plant, and organizing food distribution. However, the effect was entirely the opposite of that which it was intended for. Farmers were forced to cut food and cotton production when people needed food and clothing most. In order “to push up farm prices,” the government slaughtered pigs and plowed under corn while thousands of Americans starved. Approximately six million pigs were killed in 1933. When farmers took their land out of production according to government regulation, thousands of black sharecroppers and tenant farmers were thrown off their land. As a result of AAA, farm production declined and many more people were hungry, jobless, and …show more content…
The Emergency Banking Relief Act was established to raise prices and increase the money supply. The purpose of the Agriculture Adjustment Act was to aid the farmers and to raise farm income. The National Recovery Act was implemented with the intent of regulating businesses and increasing wages. However, the high cost of Roosevelt’s projects resulted in higher taxes, heavy deficit, and a national debt risen to such heights as it had never before reached. The increased inflation and the Emergency Banking Relief Act worsened the economic system by the devaluation of the dollar and the deprivation of personal gold ownership. Farmers were forced to cut production as a result of the Agriculture Adjustment Act and so were left without food, jobs, or homes. Because of the National Recovery Act, businesses collapsed and millions lost their jobs. Instead of resolving the economic disaster, the New Deal only lengthened the trauma and hardships of the Great Depression. As a result of Roosevelt’s New Deal, the economy declined, unemployment rose, and millions were left
It was implemented with the purpose of raising farm income by reducing acres planted, paying farmers not toe plant, and organizing food distribution. However, the effect was entirely the opposite of that which it was intended for. Farmers were forced to cut food and cotton production when people needed food and clothing most. In order “to push up farm prices,” the government slaughtered pigs and plowed under corn while thousands of Americans starved. Approximately six million pigs were killed in 1933. When farmers took their land out of production according to government regulation, thousands of black sharecroppers and tenant farmers were thrown off their land. As a result of AAA, farm production declined and many more people were hungry, jobless, and …show more content…
The Emergency Banking Relief Act was established to raise prices and increase the money supply. The purpose of the Agriculture Adjustment Act was to aid the farmers and to raise farm income. The National Recovery Act was implemented with the intent of regulating businesses and increasing wages. However, the high cost of Roosevelt’s projects resulted in higher taxes, heavy deficit, and a national debt risen to such heights as it had never before reached. The increased inflation and the Emergency Banking Relief Act worsened the economic system by the devaluation of the dollar and the deprivation of personal gold ownership. Farmers were forced to cut production as a result of the Agriculture Adjustment Act and so were left without food, jobs, or homes. Because of the National Recovery Act, businesses collapsed and millions lost their jobs. Instead of resolving the economic disaster, the New Deal only lengthened the trauma and hardships of the Great Depression. As a result of Roosevelt’s New Deal, the economy declined, unemployment rose, and millions were left