New Deal
The Great Depression and the New Deal In the 1930's American found itself in the worst depression the country had ever seen. Franklin Roosevelt was the president at the time. His plan for restoring economical health in the US was called the New Deal. The New Deal created controversy debate and also some success. There were many causes of the Great depression. Roosevelt New Deal attempted to relieve the crisis by many ways. There is a still a great effect today by the New Deal. There were many causes of the great depression. The major causes were the 1920's out of balance, Americans are increasingly in debt, and overproduction slows industrial growth, speculation on the rise, a tight money policy in order to control credit and the Stock Market Crash in Oct. 1929. For example, there was uneven prosperity. This means that the rich got richer and the poor got poorer. Huge corporations rather than small businesses dominated industry. Also, a small percentage of families held most of the nation's personal wealth. Only .1 percent of the population had incomes over 100,000 dollars. Most of the
The stock market had a policy of buying on margin where investors purchased a stock for only a fraction of its price. In conclusion, in the 1930's American found itself in the worst depression the country had ever seen. Some of the federal agencies are still around today. ------------------------------------------------------------------------**Bibliography**. There is still and effect of the New Deal today. The TVA provided cheap electric power, flood control, and recreational opportunities. Some viewed the New Deal as an experiment by the USA just to see how things will work out. In June Congress passes the FDIC to insure bank deposits up to 5,000 dollars. Also in 1933 the Tennessee Valley Authority created jobs in one of the countries least developed regions. Also FDR lent a helping hand to business, The NRA set out to balance the unstable economy thought sensible planning. All of this triggered the Great Depression. His plan for restoring economical health in the US was called the New Deal. The market crashed, and it closed down. There were many causes of the Great depression.
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