New Deal Dbq

In the fall of 1929, the nation suffered a great devastation as a result of the Stock Market crash. In order to stabilize the economy, Franklin D Roosevelt established “New Deal” programs that would not only stimulate the weakening economy but to also bring hope to the American people. In the fall of 1929, the United Stated underwent the greatest financial collapse in the country’s history. According to History.com, “companies went bankrupt and began to fire their workers in droves”. The unemployment rate rose steeply. As a result, many lost their homes and some even took their own lives. America was in the midst of the “Great Depression” with little to no hope of recovery. During this time, the industrial production declined, the banks were failing and, farmers couldn’t afford to harvest their crops leaving them to fester (history.com) while many people starved. In his first germinal address as President of the United States, Franklin D Roosevelt brought optimism to the American people by asserting, “the only thing to fear is fear itself” (history.com). He …show more content…
This was called the Agricultural Adjustment Act (AAA). In the event someone was terminated from employment, FERA (Federal Emergency Relief Act) allocated temporary financial benefits to the unemployed. To prevent bank failures and maintain public confidence, Federal Deposit Insurance Corporation (FDIC) or Glass-Steagall Act was established (investopedia.com). These are only but a few of the programs that aided in the reinstatement of sanguinity in a population once haunted by financial despair. Workers were able to unionize to ensure fair labor and fair wages. Social Security Act provided funds to the unemployed, the blind, the deaf and, the disabled, as well as pension for the aging