The New Deal During The Great Depression

Many people were going through a very rough time during the 1930s. People were only thinking about the amazing life that they have. Credit and installation payments were allowed. After all this, people started to lose more and more money. The Great Depression had hit America. Roosevelt had came in to try to get people back on track and more people to trust the economy. The New Deal was made, and it was very controversial. The New Deal had gave long term effects and assisted various people from different groups.
Gaining Confidence One of the reasons that the New Deal had benefit us was that it enforced that stock markets and banks to be regulated. Because many people had went to the stocks to receive their income for their family, there is an even more need for this stock regulation ("What We Do," n.d.). The Securities and Exchange Commission helps monitor the stock markets so it does not become a disaster again. It had gave people more trust into the stock market and gave people …show more content…
One may say the unemployment rate had not been decreasing between 1930s-1940s (Trueman, 2015). In this graph, it shows the United States unemployment rates between 1890-1990 ("Weir on Historical Estimates of US Unemployment," 1970). It shows that the economy never goes as high as during the Great Depression. It shows that unemployment rates have been decreasing. When President Roosevelt was in office, the New Deal had helped this unemployment rate plummet. In conclusion, the New Deal had definitely benefit many people and gave people hope that they could get their lives together. When the US was at an all time low, this New Deal had saved everyone. Jobs were given and more people had trusted the stock market and banks. Because of this, most people now are able to live a life and not worry about unemployment. So many people have pulled through this economical