After the Wall Street stock-market crash of 1929, the United States plunged into the most prolonged economic collapse in the history of modern industrial world- a depression that continued in one form or another for a full decade. In response to the calamity of the Great Depression, President Franklin Roosevelt developed an economic program known as the New Deal after taking office in 1933. It had helped stop the disastrous downward spiral, and there had been a limited, if erratic, recovery some areas. However, many of the basic issues, such as unemployment, increasing debt, and in some cases homelessness and starvation remained unsolved. In this way, his plan …show more content…
For instance, Roosevelt developed several agencies like WPA to provide working opportunities (mostly unskilled men) by carrying out public works projects, including the construction of roads and buildings. Even though the government tried to employ as many people as possible on those projects, Unemployment was not conquered by the New Deal. According to the chart provided by U.S. Census Bureau shows that an estimated 25 percent of the work force remained unemployed by the end of 1939. The huge employment pressure had not been alleviated after the New Deal I. In addition, the government's economic policies had further depressed living standards. According to a speech given by Huey Long, a U.S. senator, “the average worker’s income of nearly $1,099 in 1934 is below the minimum necessary to support a family of five in health and decency by $813, or 43 percent.” It’s pretty obvious that living standard was on the edge of subsistence. In this way, the effect of Roosevelt’s policies didn’t reach as his anticipation, in fact it made the depression longer and worse than it otherwise would have been. The New Deal with the goals of Relief, Recovery, and Reform, was not an effective solution for the Great Depression in …show more content…
history. Throughout the decade of the 1930s, unemployment remained brutally high, people had heavier debt, while economic growth remained painfully slow. Still, despite failing in its most important objective, the New Deal changed the country permanently. It was certainly successful in both short-term relief, and in implementing long-term structural reform. Roosevelt forever altered the federal government and its relationship to the society. In addition, he changed the American people's expectations of their presidents and their government through his tireless efforts. Luckily, for later presidents, this expectation has since been