Key Aspects Of The New Deal And The Great Depression

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A couple years ago, the economy crashed and people were comparing it to a new depression. However, it was not even close compared to the catastrophe the Great Depression caused: Millions out of work, banks closed, Hoovervilles formed, savings lost, the stock market crashed, et cetera. The U.S. government did an effective job of handling the stock market crash and the depression that followed. The New Deal restored faith in the economy and helped families recover, the U.S.A’s entry into WWII brought the economy to prosperity, and the use of Keynesian economics by the U.S. government brought us out of the Great Depression. One of the key aspects of the recovery initiated by the U.S. government was the New Deal. It is arguably one of the most …show more content…
There was no demand for their products like there normally was so income went down. The government stepped in thru the Agricultural Adjustment Act to help them get back to normal living and in doing so restored America’s agriculture, “ The AAA [Agricultural Adjustment Act] had a plan to raise crop prices by paying farmers a subsidy to compensate to voluntary cutbacks.” (Hardman) Basically, the government’s plan was to pay farmers to cut back on production, therefore increasing demand and therefore price. It did work out and farmers were able to sell their products at a higher price. It was a very successful program and helped out farmers across America. Finally, one of the key components of the New Deal was to get unemployment down. The government employed fit, able men in the Civilian Conservation Corps. This program restored the United States’s environment while simultaneously employing people as Hardman …show more content…
They employed over 2 million men, ⅓ the population of Wisconsin today. The government boosted the economy, brought down unemployment, and helped the environment. All in all, the government revived the economy thru the New Deal. Some major programs that helped were: the Social Security Act of 1935 (which helped older folks to not rely on their children), the Agricultural Adjustment Act (which restored America’s agriculture), and the Civilian Conservation Corps (which employed many adult men). The Great Depression ended with the help of the New Deal and other various

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