Franklin Roosevelt’s New Deal Programs

Published: 2021-07-06 23:12:52
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Category: English

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Franklin Roosevelt’s New Deal programs had a substantial influence on American history. This deal was a change in government philosophy. This deal made American people realized that economy and welfare of people is the responsibility of federal government. There was a great social impact of this New Deal. But it did not offer equal treatment to women and African Americans (Woolner).There were unequal pay scales offered to the monitories and women. The unemployment rate for Black was high, and they were people who were used to hire lastly. There are several reasons for this inequality present in the New Deal. There was a period of recession and government was not able to equally provide opportunities to minorities also (Woolner).Some of the discrimination was removed with minorities by the federal government as a part of New Deal. But it was present at the local level adding to the limitation of New Deal.The worst economic depression in the history of the United States was The Great Depression (1929-1939). The fact is that there is not a single reason for this worst economic depression. The depression was started with the Herbert Hoover policies as a present and directed to the selection of Franklin D. Roosevelt. Franklin D. Roosevelt policies greatly affected the economy of America. This depression was happening as a result of the stock market crash (1929). There was a stock market boom that changed investor’s perspective about the stock market. Now stock market was not used to have long-term investment. People started purchasing stocks on margins to become rich in the 1920s, without considering inherent risk in these investments (Kelly). The worst thing was that some banks also invested customer’s money into the stock. After reaching at the peak in september 1929, the market started declining, and this was the worst declining that affected economy badly.Works CitedKelly, Martin. “Top 5 Causes of the Great Depression.” About. Com (2010).Woolner, David. “African Americans and the New Deal: A Look Back in History.” (2009).

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