Tuesday, 14 March 2017

Roosevelt's New Deal

     As Franklin Delano Roosevelt was being elected, he promised to make a new deal for the American people. One thing this deal did was help reduce unemployment and help people who were unable to work survive with the little funds they had. The Federal Emergency Relief Act, which was brought about from the New Deal, helps subsidize the cost of people who need food or assistance. Another part of the New Deal's financial aid was the Social Security Act. This helped to fund elderly people and people who were disabled that couldn't find work.
     The agriculture industry was also changed quite a bit by the New Deal. Before Congress created the Agricultural Adjustment Administration, farmers couldn't sell crops and livestock at a price high enough to support their family and they could lose their farms and jobs. The Agricultural Adjustment Administration paid farmers to sell less food driving prices higher and helping them continue to farm. In a response to the Dust Bowl, the Soil Conservation Service was founded to help protect the top soil that was crucial to farming.
     One major problem from the Great Depression was the banking system. The Federal Deposit Insurance Corporation was founded and guaranteed banks deposits up to $2,500. Because of this, the public regained trust in the banking system, that it wouldn't fail again. One major cause of the crash was due to ignorance of investments. The Securities and Exchange Commission was formed and it required investors to be transparent in what they did.
     Before the depression, workers rights weren't the most respected thing. The National Recovery Agency was formed to help regulate how workers were rewarded and what conditions they had to work in. They also helped to make sure that companies couldn't suddenly shut down due to a disaster.

2 comments:

  1. Nicely done ryan im very impressed!

    ReplyDelete
  2. I like the picture, really illustrates the time.

    ReplyDelete