Posted: Fri May 28, 2010 8:08 am Post subject: New Deal 5/27
Rachel & Martha Sez:
Assigned: 5/27 Due: 6/1
Please read (from your textbook):
* "New President, New Deal" pp. 543-549
* "Shift In Focus" pp. 551-553
* "New Deal Impact" pp. 561-562
Post: "Was the New Deal an effective solution to the Great Depression?' Please post at least two times (once on Thursday night, at leat once over the weekend). Try to get a good, specific conversation going by checking in often on the forum and adding your thoughts...
Posted: Fri May 28, 2010 4:38 pm Post subject: Eli 5/27
I just realized that we were supposed to post something tonight. Here goes.
It would seem that No amount of acronyms would ever solve anything, but Franklin Roosevelt proved me wrong. I believe that the radical policies of his New Deal helped to pull America out of the Great Depression and revived our troubled nation. Perhaps the key to this was the Brain Trust, Roosevelt's cabinet of the smartest people in America. Together, they were able to systematically address and solve nearly all issues of the depression. A large number of agencies, departments, and committees were formed soon after FDR was elected, as many as half were eventually disbanded. But the ones that remained had a tremendous effect on the American economy, and still impact us today.
BANK REFORM
Emergency Banking Act allowed the Federal Reserve to support private banks
Glass-Steagal Banking Act created the Federal Deposit Insurance Corporation (FDIC) to ensure safety for many investors
Securities and Exchange Commission (SEC) added supervision to the Stock Exchange
AGRICULTURE & DEVELOPMENT
Agricultural Adjustment Act (AAA) paid farmers to keep land fallow, but was struck down by the Supreme Court and ruled unconstitutional
Soil Conservation Service paid farmers for cutting back on soil-depleting crops
National Industrial Recovery Act created the National Recovery Administration (NRA) to supervise the economic recovery and the Public Works Administration (PWA) to fund more jobs
Tennessee Valley Authority (TVA) constructed dams and power plants in the deep South
Rural Electrification Administration (REA) loaned money to support development in rural areas
PUBLIC WORKS
Civilian Conservation Corps (CCC) hired drifters for public works projects
Federal Emergency Relief Administration provided funding for city relief projects
Civil Works Administration (CWA) employed workers for Federal, State, and local projects
Federal Housing Administration (FWA) helped homeowners finance repairs and stimulated construction through Federal mortgages
Works Progress Administration (WPA) hired the unemployed for construction, conservation, and arts programs
SOCIAL REFORM
National Youth Administration (NYA) employed teens and helped them to pursue higher education
Social Security Act assisted children, the unemployed, elderly, and disabled
Wagner Act defined unfair labor practices and protected unions
Resettlement Administration (RA) helped to resettle poor families on new communities and made loans enabling sharecroppers to buy land
21st Amendment repealed Prohibition, thus creating new jobs
Although all of these policies of the New Deal restructured many norms that Americans had previously taken for granted, most of the public supported FDR's stance. They knew it was necessary for the government to intervene and rescue the nation from the depression. Immediately after instituting this new legislature, Things started to improve. The American Liberty League (ALL) was a Conservative group, and the only organization that opposed Roosevelt's New Deal.
Last edited by edalven on Tue Jun 01, 2010 8:49 am; edited 2 times in total
Ah, I guess we were supposed to post Thursday night?
My initial reaction to the New Deal was how expansive it was, and how to get the nation out of the depression government interference in previously un-interfere-able sectors was now necessary.
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