During the Great Depression the president of the United States issued a series of acts called “the new deal”. The new deal was a series of acts that were made to create jobs for U.S citizens, such as the building of the Hoover dam, the building of many houses and work complexes. But there was one giant down to this deal, for the deal to happen they had to get the money from somewhere so the president, FDR slashed military spending so one question came up, and it was did the new deal help or hurt the U.S during the Great Depression?
On March 4th, 1933 president franklin Delano Roosevelt issued a speech in Washington’s capital plaza. That speech was to announce the new deal. But before the new deal was ever signed the United States was in …show more content…
But he knew for the sake of this country he had to pull the trigger on the deal. Congress was also feeling the effects of the new deal so they passed the emergency banking relief act which gave the president full power of the nation’s finances and foreign exchange of the United States. So FDR gave the ok to have the Federal Reserve to print unlimited amounts of money to reopened banks. The president also created the civilian conservation corps or the CCC. The corps created over 3 million jobs for people who were unskilled in hard labor. The new deal also created the NRA (national recovery administration)
Which was made to help the laborers and the unemployed with immediate relief the. With long range recovery. The new deal created so many cooperation’s and relief systems that were great for creating jobs. But there was one huge thing that no one forgot about and that was the slashing of the U.S military spending. The cut would take 500 million dollars out of the us military spending and that would come back to haunt them. But the deal was also very good for the us economy as I said earlier about creating jobs and cooperation’s but for the people that kept this country free the new deal was awful the deal cut veterans benefits by 50% and those were the people that kept this country
On March 4th, 1933 president franklin Delano Roosevelt issued a speech in Washington’s capital plaza. That speech was to announce the new deal. But before the new deal was ever signed the United States was in …show more content…
But he knew for the sake of this country he had to pull the trigger on the deal. Congress was also feeling the effects of the new deal so they passed the emergency banking relief act which gave the president full power of the nation’s finances and foreign exchange of the United States. So FDR gave the ok to have the Federal Reserve to print unlimited amounts of money to reopened banks. The president also created the civilian conservation corps or the CCC. The corps created over 3 million jobs for people who were unskilled in hard labor. The new deal also created the NRA (national recovery administration)
Which was made to help the laborers and the unemployed with immediate relief the. With long range recovery. The new deal created so many cooperation’s and relief systems that were great for creating jobs. But there was one huge thing that no one forgot about and that was the slashing of the U.S military spending. The cut would take 500 million dollars out of the us military spending and that would come back to haunt them. But the deal was also very good for the us economy as I said earlier about creating jobs and cooperation’s but for the people that kept this country free the new deal was awful the deal cut veterans benefits by 50% and those were the people that kept this country