Roosevelt's Relief Reform

For example his plan for industry and agriculture was to reduce the rate at which price falls in other to promote the finical income of the people. But this did not work out fine. “In the areas of industry and agriculture the idea was to prevent prices and wages from falling further in an effort is maintain income of industrial workers and farmers. This policy was counterproductive in that it hindered the natural adjustment of the economy back towards the low unemployment rates that had been attained before the depression began. In the areas of banking and finance, however, the talk was about reflation, or driving prices back up. This goal was sound because it would be accomplished by monetary stimulus. It helped reduce the role of gold, strengthen …show more content…
However, in Roosevelt presidency several relief reforms acts were enacted by the congress in other to change the situation, and it went a long way to help solve the problem. Just as Carrol, Christopher L.M, Robert W. C., and James L. G., mentioned in Making America, “Within its first hundred days, the Roosevelt administration and the congress created a long list of new federal agencies and programs. A few carried out traditional democratic party goals, such as the repeal of prohibition but most were aimed at relief, recovery, and reform,” (p.692). However, one of the first bills was Agriculture Adjustment Act (AAA) as I mentioned earlier. It was passed congress on May 12, 1933.But one of the most important program Roosevelt initiated was the Tennessee Valley Authority (TVA). “The goal was to develop a regional approach to planning and development for a rural and impoverished region of 40,000 square miles including parts of seven states. The TVA improved the navigability of hundreds of miles of rivers and lakes and reduced soil erosion, TVA dams provided electricity through federally owned and operated hydroelectric