The Pros and Cons of the New Deal
On October 29, 1929, also known as Black Tuesday, there was a sudden collapse of US stock market prices that was later called the Great Depression. The Great Depression was a great economic crisis that not only affected the United States, but also other countries such as Great Britain,France, and Germany. The Great Depression lasted from 1929-1939, and during this time period there were a series of program created by the administration of at the time President Franklin D. Roosevelt that were designed to respond to the issues of the Great Depression. These programs were called the New Deal. The New Deal was a series of programs created in the United States between 1933 and 1938. They were laws passed by Congress …show more content…
In 1935, Roosevelt and the New Deal created the Public Works Administration (PWA). The PWA was meant to create public works such as building which opened up jobs in the construction industry. “New Deal public-works spending did have a short-term effect, creating jobs and economic activity during Roosevelt’s first term. Americans took heart at the sight of schools,swimming pools and auditoriums rising in nearly every county in the country.” The new job openings and demand of buildings helped lower the unemployment rate to 13.9 percent during November of 1936. Roosevelt also created the Works Progress Administration, also known as the WPA. The WPA is known for creating more jobs, but also for their road-building programs. It instigated the building of new rural roads and bridges. These roads were also used as runways for airplanes, as the aviation industry began to grow. The WPA also improved water and sewer treatment systems across the country, which improved the sanitary conditions of the water. Overall the New Deal helped improve the daily living conditions of U.S. …show more content…
The unemployment rate remained high until German military forces invaded Poland and started intense war in Europe. This led to more job openings on military bases from the WPA. “production of planes,warships,and weapons started to push unemployment down. By the end of 1940 the unemployment rate was back down to 14.6 percent.” The WPA was still needed due to unemployment being high, but jobs for building barracks and other military buildings were in rapid growth. Also the United States sending troops to Europe decreased unemployment further. Post Pearl Harbor, WPA workers moved into the private economy after all holds were removed from military spending. Unemployment had dropped to 5 percent by 1942, 1.9 percent in 1943 when the WPA ended, and below 1 percent in 1944. It is easy to see that start of the war help kick start the end of the
On October 29, 1929, also known as Black Tuesday, there was a sudden collapse of US stock market prices that was later called the Great Depression. The Great Depression was a great economic crisis that not only affected the United States, but also other countries such as Great Britain,France, and Germany. The Great Depression lasted from 1929-1939, and during this time period there were a series of program created by the administration of at the time President Franklin D. Roosevelt that were designed to respond to the issues of the Great Depression. These programs were called the New Deal. The New Deal was a series of programs created in the United States between 1933 and 1938. They were laws passed by Congress …show more content…
In 1935, Roosevelt and the New Deal created the Public Works Administration (PWA). The PWA was meant to create public works such as building which opened up jobs in the construction industry. “New Deal public-works spending did have a short-term effect, creating jobs and economic activity during Roosevelt’s first term. Americans took heart at the sight of schools,swimming pools and auditoriums rising in nearly every county in the country.” The new job openings and demand of buildings helped lower the unemployment rate to 13.9 percent during November of 1936. Roosevelt also created the Works Progress Administration, also known as the WPA. The WPA is known for creating more jobs, but also for their road-building programs. It instigated the building of new rural roads and bridges. These roads were also used as runways for airplanes, as the aviation industry began to grow. The WPA also improved water and sewer treatment systems across the country, which improved the sanitary conditions of the water. Overall the New Deal helped improve the daily living conditions of U.S. …show more content…
The unemployment rate remained high until German military forces invaded Poland and started intense war in Europe. This led to more job openings on military bases from the WPA. “production of planes,warships,and weapons started to push unemployment down. By the end of 1940 the unemployment rate was back down to 14.6 percent.” The WPA was still needed due to unemployment being high, but jobs for building barracks and other military buildings were in rapid growth. Also the United States sending troops to Europe decreased unemployment further. Post Pearl Harbor, WPA workers moved into the private economy after all holds were removed from military spending. Unemployment had dropped to 5 percent by 1942, 1.9 percent in 1943 when the WPA ended, and below 1 percent in 1944. It is easy to see that start of the war help kick start the end of the