President Roosevelt’s New Deal
Following the aftermath of World War One, the crash of the stock market, and then the Great Depression, the United States remained in a pit of hopelessness. In an effort to dissolve the present issues at hand, former President Franklin Roosevelt formed a plan. President Franklin Roosevelt’s formation of the New Deal ultimately resulted in useless circumstances, such as: an increase in national debt, an increase in government power, and the unconstitutional programs created from the deal. The New Deal created deficits which lead to an increase in national debt. In the 1930’s, the US government tried an innovative program of using deficit spending to help get the economy of out depression. However, government deficits threatened to grow uncontrollably, and recession stood as an ever-looming possibility (Davidson 690). After the launching of the New Deal in 1933, US gross debt rose to $62.4 billion, at 52.4% of GDP (Davidson 692). When looking back at the deficit days of the New Deal, the average yearly federal budget deficit was about three billion dollars, out of an entire federal budget of six to nine billion dollars (Davidson 692). …show more content…
The dramatic growth of executive power and the emergence of welfare programs led some people to develop a sense of entitlement to federal support programs. In 1934, an assemblage of traditionalist businessmen and politicians, including Alfred E. Smith and John W. Davis, two former Democratic presidential candidates, fashioned the American Liberty League to oppose New Deal procedures as violations of personal and property rights (Tindall 688). Francis Townshend proposed to set an income for the elderly, which resulted in either not enough money for some, or too much for
Following the aftermath of World War One, the crash of the stock market, and then the Great Depression, the United States remained in a pit of hopelessness. In an effort to dissolve the present issues at hand, former President Franklin Roosevelt formed a plan. President Franklin Roosevelt’s formation of the New Deal ultimately resulted in useless circumstances, such as: an increase in national debt, an increase in government power, and the unconstitutional programs created from the deal. The New Deal created deficits which lead to an increase in national debt. In the 1930’s, the US government tried an innovative program of using deficit spending to help get the economy of out depression. However, government deficits threatened to grow uncontrollably, and recession stood as an ever-looming possibility (Davidson 690). After the launching of the New Deal in 1933, US gross debt rose to $62.4 billion, at 52.4% of GDP (Davidson 692). When looking back at the deficit days of the New Deal, the average yearly federal budget deficit was about three billion dollars, out of an entire federal budget of six to nine billion dollars (Davidson 692). …show more content…
The dramatic growth of executive power and the emergence of welfare programs led some people to develop a sense of entitlement to federal support programs. In 1934, an assemblage of traditionalist businessmen and politicians, including Alfred E. Smith and John W. Davis, two former Democratic presidential candidates, fashioned the American Liberty League to oppose New Deal procedures as violations of personal and property rights (Tindall 688). Francis Townshend proposed to set an income for the elderly, which resulted in either not enough money for some, or too much for