The New Deal :: essays research papers

The New Deal"How surface did the New Deal encounter the Depression?" I think that theanswer to this question is that it did very well and I would give it a grade ofan A.When Roosevelt took office, in 1933, he had ternion goals in mind, to savethe banks, save the commonwealth, and to rebuild the economy. He set his sights onreturning the banks to their prosperous days of the pre-depression age.     Since the beginning of the Depression, banks were closing faster thanthe people could withdraw all of their money. He countered this by closing allthe banks and had telling pass an Emergency Banking Act that made federal loansavailable to buck private bankers. At the same time he passed an Economy Act that require the government to balance the budget. These helped ease the financialproblems throughout the nation and and so he began to restructure the banking governing body with such acts as The Glass-Stegall Act and the fundament of the FederalDeposit In surance Corporation. He in like manner set up the Securities Act and thesecurities Exchange Act that were overdue regulations for the Stock Market. In vow to enforce all these new acts, he started the Securities and ExchangeCommission. These actions got the banks and the financial system started in theright direction of what would be a slow recovery process.     Roosevelts next objective was to take care of the people. ThoughRoosevelt was a conservative, he realized the extreme need to help the poor. Hehad Congress resolve promptly, and established the Federal Emergency ReliefAdministration that gave $500 trillion in residuum to the poor people of thecountry. Roosevelt then went on to relieve oneself organizations that would offer jobsand a sense of self-esteem to the unemployed of the country. One of theseorganizations was the civilian Conservation Corps that provided young men withjobs to improved the environment. They had such jobs as planting trees andh elping to stop erosion. Another government activity was the civilian WorksAdministration that paid unemployed people $15 a week to perform governmentprojects. Many people during this time were also in jeopardy of losing theirhomes. To this, Roosevelt established the Homeowners loan Corporation thatallowed people to restructure or take out another mortgages on their homes. Hisensuing standard was to rebuild the economy.     Roosevelt felt that recovery would not only come from relief efforts,but also with the cooperation from agriculture and industrial groups. Probablythe most crucial acts by him and Congress were the Agricultural Adjustment