In the spring of 1935, President Franklin D. Roosevelt launched a series of programs, plans, and public projects in response to the failing economy. The latter are collectively known as the New Deal. The crash of the stock market in 1929, in conjunction to various other unfortunate events, sent the United States in a downward spiral with no hope of recovery. 13 million Americans lost his or her job, those who sustained were met by a 40% reduction of their income. FDR’s programs, plans, and public projects were established to rebuild the economy and get the United States out of desperation. What made The New Deal so impactful was its ability to address nearly every major issue that was affecting the United States. The various programs all targeted
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Money fuels a nation and with such a mass amount of people drowning in debt, it is no surprise that the good Good Deal tackled this issue head-on. In the early and mid-1930s, citizens were not just in a “budgeting state.” Many people were in poverty, homeless, starving, and desperate for work. This desperation leads to higher crime rates and lower education interest. “The Great Depression brought a rapid rise in the crime rate as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition”(U.S History.com). The New Deal was aimed to solve this issue because it was clear that unemployment was not an issue in itself; it was a series of complex, urgent issues. This one issue had several conflicts that branched off of it. The New Deal was successful in lowering the national unemployment rate. This is evident by the following graph from the public domain which depicts unemployment in the United States from …show more content…
Not only was it not good, but it hurt Americans. In an article within the Library of Congress, M. Santos shares his opinion on the New Deal. “As to the New Deal, I believe that it has been a failure as it has protected the trusts more than the American people. Today, the poor are poorer, and the trusts are richer. Another reason: this is a county that is controlled by the trusts. When one stands on the street and closes his eyes for a moment, and then opens them and looks; everything, absolutely all that one sees is made by the trusts”(Dr. M. Santos, Library of the Congress). This argument is valid. Trusts made up nearly every aspect of the commercial economy. The New Deal gave assistance to trusts, and even allowed them to expand and grow their sales to record highs. Even today this argument is controversial. However, the argument fails to understand why the New Deal gave power to trusts. In a time of national crisis, there is no room for mistakes. Giving any funding to small business in the United States, at the time, would be a lost cause. Smaller business was not able to sustain in these times of poverty and economic hardship. By funding trusts, companies that had the experience and resources to maintain and increase production were able to develop and remain afloat. When the value of the company goes up, it is a win-win situation for both the company and the consumer. The consumer has resources available
Money fuels a nation and with such a mass amount of people drowning in debt, it is no surprise that the good Good Deal tackled this issue head-on. In the early and mid-1930s, citizens were not just in a “budgeting state.” Many people were in poverty, homeless, starving, and desperate for work. This desperation leads to higher crime rates and lower education interest. “The Great Depression brought a rapid rise in the crime rate as many unemployed workers resorted to petty theft to put food on the table. Suicide rates rose, as did reported cases of malnutrition”(U.S History.com). The New Deal was aimed to solve this issue because it was clear that unemployment was not an issue in itself; it was a series of complex, urgent issues. This one issue had several conflicts that branched off of it. The New Deal was successful in lowering the national unemployment rate. This is evident by the following graph from the public domain which depicts unemployment in the United States from …show more content…
Not only was it not good, but it hurt Americans. In an article within the Library of Congress, M. Santos shares his opinion on the New Deal. “As to the New Deal, I believe that it has been a failure as it has protected the trusts more than the American people. Today, the poor are poorer, and the trusts are richer. Another reason: this is a county that is controlled by the trusts. When one stands on the street and closes his eyes for a moment, and then opens them and looks; everything, absolutely all that one sees is made by the trusts”(Dr. M. Santos, Library of the Congress). This argument is valid. Trusts made up nearly every aspect of the commercial economy. The New Deal gave assistance to trusts, and even allowed them to expand and grow their sales to record highs. Even today this argument is controversial. However, the argument fails to understand why the New Deal gave power to trusts. In a time of national crisis, there is no room for mistakes. Giving any funding to small business in the United States, at the time, would be a lost cause. Smaller business was not able to sustain in these times of poverty and economic hardship. By funding trusts, companies that had the experience and resources to maintain and increase production were able to develop and remain afloat. When the value of the company goes up, it is a win-win situation for both the company and the consumer. The consumer has resources available