scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 327
Casandra Crawford HIST 137-02 The New Deal By March 4 1933 when Roosevelt was inaugurated at the age of 51 the economic situation was desperate Between 13 and 15 million Americans were unemployed Between 1 and 2 million people were wandering about the country looking for jobs Panic-stricken people hoping to rescue their deposits had forced 38 states to close their banks From the beginning Roosevelt tried to restore popular confidence He added that he would not stand by and watch the Depression deepen He began by securing passage of an emergency banking bill Instead of nationalizing the banks--as a few reformers wanted--it offered aid to private bankers The early New Deal also helped reform measures The Federal Deposit Insurance Corporation FDIC came mostly from congressional initiative By insuring deposits it helped to prevent runs on banks The Securities and Exchange Commission SEC created in 1934 made a cautious beginning to regulation of the stock exchanges The most important reform was the Tennessee Valley Authority TVA started in 1933 This public corporation built multipurpose dams to control floods and generate cheap hydroelectric power It manufactured fertilizer fostered soil conservation and worked with local agencies in social experiments In 1935 Roosevelt turned He sponsored bills aimed at abolishing public-utility holding companies at raising taxes on the wealthy and at shifting control of monetary policy Roosevelt worked successfully for three significant acts passed in 1935 One a relief appropriation led to creation of the Works Progress Administration WPAThe WPA disbursed some 11 billion in work relief to as many as 32 million Americans a month between 1935 and 1942The second measure the Wagner Act set up the National Labor Relations Board NLRB The third reform was social security The law provided for federal payment of old-age pensions and for federal-state cooperation in support of unemployment compensation and relief of the
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA