New Deal- Roosevelt (elected in 1932)
I. Successful Programs
A. Emergency Banking Act
-Passed to inspect banks for their health
-successful (people gained faith in the US banks)
B. Civilian Conservation Corps (CCC)
-put millions of people to work
-taught the men and women how to live independently (increasing self esteem)
C. Agricultural Adjustment Administration (AAA)
-provided some relief and farm prices rised.
BADNESS of AAA- Millions of hogs and other products went to waste. 10 million acres of cotton crop plowed under at the cost of $200 million. Modernization put some farmers out of work.
II. Unsuccessful Programs
A. Securities Exchange Commission
-wasn't pleasing for businesses
B. Federal Emergency Relief Administration
-While it put many to work, it was very costly....$1 billion spent in 5 months
In the end, the New Deal was for the most part unsuccessful, as it failed to fix the big issues, but it did show signs of improvement in some areas
No comments:
Post a Comment