This section contains 953 words (approx. 4 pages at 300 words per page) |
Did the New Deal end the Great Depression
Summary: This essay evaluates some of the important reforms and issues of FDR's new deal
Although Franklin Roosevelt's New Deal helped
many people, it did not end the Great Depression.
The depression continued throughout the 1930's
after the New Deal reforms were in motion. Many
people, such as farmers, the elderly and the poor
benefited from Roosevelt's reform. The New Deal
restored confidence in the government for the
American people; they knew they could trust the
government to help when the economy had failed.
One of the first things on Roosevelt's agenda
was the banking failures. The Emergency Banking
Act was one of the first policies he had passed.
This bill was "designed primarily to protect the
larger banks from being dragged down by the
smaller ones." (1) The Glass-Steagall Banking Act
in 1933, was another important act for banking
and Americans. This act created the Federal
Deposit Insurance Company, or FDIC, which
guaranteed bank deposits up to twenty-five
hundred dollars, in case a bank...
This section contains 953 words (approx. 4 pages at 300 words per page) |