New Deal President FDR
New Deal was a name initiated by Franklin D. Roosevelt who was the President of United States during a time of Great Depression. The former president had failed to implement measures that could deal with economic challenges. Failure of good leadership made the people of America to actively demand for election of a qualified person who could deal with such situation. Franklin D. Roosevelt was seen as a capable leader and his appointment was a relief to American people (Greer, 21).
Upon his appointment, he initiated what was later called New Deal that is complex practices that were incorporated as economic programs which aimed at addressing three key issues faced by the people of America. During the time of Great Depression, the economy was badly affected and the poor were very much affected. The New Deal therefore, was a relief to the unemployed people and also farmers who were affected by Depression. A second aim of the New Deal was to bring reforms in business and financial institutions. The third and major reason for establishing this New Deal was to promote recovery of economy during the time of economic challenges.
Franklin D. Roosevelt took the office with highest power in the world in 1933. This time was very hard for many Americans who were very much devastated. The economy was in a very bad condition and many financial institutions had closed their doors due to the harsh situation. This meant that customers could not access their savings and no other transaction could take place. Mortgage firms had also closed down creating a high rate of unemployment in major sectors of the economy (Abott, 14). Accordingly, there were two New Deals that is, first New Deal of 1933 and second New Deal of 1934-36.
The first New Deal was established to deal with groups such as banking, industrial and farming sectors. The second New Deal on the other hand dealt with promotion of labor unions, social security organizations and programs associated with farmers and other migrant workers. The establishment of New Deal by Franklin did not make some of the Congressmen happy. This was a big challenge to the president because the opposition led to closure of some relief organizations. The opposers of the New Deal argued that return of full employment meant that the Congressmen would become superfluous. However, this did not mean that Franklin D. Roosevelt would surrender his mission (Greer, 31). He fought very extensively to make sure that the economy was rescued. Some of the New Deal programs are very active even to date with some using their original names. Good examples are Federal Deposit Insurance Corporation (FDIC) and Federal Housing Administration (FHA).
The first problem that Franklin Roosevelt addressed was the problem of banking. The Congress had to act urgently so as to deal with this critical matter, thus this called for passage of legislation to deal with economic crisis. The administration of Franklin was very much concerned about the situation of the economy and anything helpful could be done to salvage the sinking economy. His administration ordered for revival of the banking sector through injection of some funds. The federal government corporate provided jobs to the unemployed in this matter. This was a relief to many needy employees who were in dire need of jobs.
The creation of jobs was a good step taken by Roosevelts administration. It was the first step towards revival of the economy since many workers could afford their own living and managed to pay taxes. The president proposed pieces of legislation that made sure that employer does not exploit their employees through interference of their unions. The New Deal introduced pension schemes that helped the retired and insurance cover for the unemployed. It proposed the increase of tax liability to the rich so as to cater for needs of the poor (Abott, 55). Through implementation of the New Deal, Franklin got massive support from the beneficiaries of the deal. His allies to this certain implementation were not lucky and he sailed through during the elections of 1936. This gave him the courage to make sure that his plans and reforms remain in force for a long period of time.
The Supreme Court was another target of Franklin D. Roosevelt. He made a lot of changes and restructured Supreme Court by adding the number of years for retirement. After reforming the legal system he turned to the executive arm of government. He increased the powers of officers in the executive so as to execute any change required in the management of the highest office. The New Deal gave the president powers of performing duties in the right order and this led to protection of resources and promotion of economic growth. The success of American economy can be associated with the efforts of Franklin D. Roosevelt and his administration (Abott, 67). The New Deal is a blessing to America as a whole. It led to unionization and democracy in the work place and other economic sectors that had been adversely affected. It also led to development and protection of the landscape through reduction of erosion and generation of hydroelectric power.
Upon his appointment, he initiated what was later called New Deal that is complex practices that were incorporated as economic programs which aimed at addressing three key issues faced by the people of America. During the time of Great Depression, the economy was badly affected and the poor were very much affected. The New Deal therefore, was a relief to the unemployed people and also farmers who were affected by Depression. A second aim of the New Deal was to bring reforms in business and financial institutions. The third and major reason for establishing this New Deal was to promote recovery of economy during the time of economic challenges.
Franklin D. Roosevelt took the office with highest power in the world in 1933. This time was very hard for many Americans who were very much devastated. The economy was in a very bad condition and many financial institutions had closed their doors due to the harsh situation. This meant that customers could not access their savings and no other transaction could take place. Mortgage firms had also closed down creating a high rate of unemployment in major sectors of the economy (Abott, 14). Accordingly, there were two New Deals that is, first New Deal of 1933 and second New Deal of 1934-36.
The first New Deal was established to deal with groups such as banking, industrial and farming sectors. The second New Deal on the other hand dealt with promotion of labor unions, social security organizations and programs associated with farmers and other migrant workers. The establishment of New Deal by Franklin did not make some of the Congressmen happy. This was a big challenge to the president because the opposition led to closure of some relief organizations. The opposers of the New Deal argued that return of full employment meant that the Congressmen would become superfluous. However, this did not mean that Franklin D. Roosevelt would surrender his mission (Greer, 31). He fought very extensively to make sure that the economy was rescued. Some of the New Deal programs are very active even to date with some using their original names. Good examples are Federal Deposit Insurance Corporation (FDIC) and Federal Housing Administration (FHA).
The first problem that Franklin Roosevelt addressed was the problem of banking. The Congress had to act urgently so as to deal with this critical matter, thus this called for passage of legislation to deal with economic crisis. The administration of Franklin was very much concerned about the situation of the economy and anything helpful could be done to salvage the sinking economy. His administration ordered for revival of the banking sector through injection of some funds. The federal government corporate provided jobs to the unemployed in this matter. This was a relief to many needy employees who were in dire need of jobs.
The creation of jobs was a good step taken by Roosevelts administration. It was the first step towards revival of the economy since many workers could afford their own living and managed to pay taxes. The president proposed pieces of legislation that made sure that employer does not exploit their employees through interference of their unions. The New Deal introduced pension schemes that helped the retired and insurance cover for the unemployed. It proposed the increase of tax liability to the rich so as to cater for needs of the poor (Abott, 55). Through implementation of the New Deal, Franklin got massive support from the beneficiaries of the deal. His allies to this certain implementation were not lucky and he sailed through during the elections of 1936. This gave him the courage to make sure that his plans and reforms remain in force for a long period of time.
The Supreme Court was another target of Franklin D. Roosevelt. He made a lot of changes and restructured Supreme Court by adding the number of years for retirement. After reforming the legal system he turned to the executive arm of government. He increased the powers of officers in the executive so as to execute any change required in the management of the highest office. The New Deal gave the president powers of performing duties in the right order and this led to protection of resources and promotion of economic growth. The success of American economy can be associated with the efforts of Franklin D. Roosevelt and his administration (Abott, 67). The New Deal is a blessing to America as a whole. It led to unionization and democracy in the work place and other economic sectors that had been adversely affected. It also led to development and protection of the landscape through reduction of erosion and generation of hydroelectric power.
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