The New Deal Was Not A Total Success, How Far Do You Agree?
FDR introduced the New Deal to help the people most affected by the
depression of October 1929. The Wall Street Crash of October 24th 1929
in America signaled the start of the depression in which America
would fall into serious economic depression.
The depression started because some people lost confidence in the fact
that their share prices would continue to rise forever, they sold
their shares, which started a mass panic in which many shares were
sold. The rate at which people were selling their shares was so quick
that the tele printers could not keep up, therefore share prices
continued to fall making them worthless. Also causing many people to
lose their jobs as the owners of factories could not afford to pay the
After the depression America was in a state mass hysteria as the Wall
Street crash had caused a massive crisis among the American public
because the impact of the wall street crash caused 12 million people
out of work, it also caused 20,000 companies to go bankrupt and there
were 23,000 suicides in one year because of the wall street crash this
was the highest amount of suicides in a year ever recorded showing signs of failure in the new deal and doubt throughout the American people.
The main aims of the new deal were Relief, Recovery and Reform, Relief
was for the Homeless and Unemployed, recovery was for Industry, Agriculture and Banks and Reform was to prevent the depression form
The structure of The New Deal was the First Hundred Days (1933) where
he would focus on relief by helping the homeless and unemployed and
recovery by helping industry, agriculture and banks, there was also
the Second New Deal where he would focus on Reform, preventing the
depression from happening again.
Roosevelt believed that the government should help those people worst
affected by the depression, this is why he created over 50...