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Submitted by cricket92 on October 2, 2008
Roosevelt’s New Deal and Second New Deal
Attempting to salvage the American economy and American spirit during the Great Depression of the 1930’s, President Franklin D. Roosevelt initiated several programs that strove to “relief, reform, and recover” through the New Deal. The first one hundred days of the New Deal represented a significant shift in political and domestic policy. In Roosevelt’s second term, he produced three major acts in Congress known the Second New Deal. Both the New Deal and the Second New Deal had accomplishments that aided the United States’ economy.
Roosevelt began his New Deal in 1933 with many programs and agencies that he believed would help the economy. On March 4, 1933, nearly every bank in the country was closed by their governors and were kept closed until he could pass his new legislation. On March 9, Roosevelt sent Congress the Emergency Banking Act which was passed and signed that very day. The act provided for a system that reopened sound banks that were under the supervision of the Treasury. With help, three quarters of the banks in the Federal Reserve System reopened with in days. The Civilian Conservation Corporation provided employment in the south to millions of jobless Americans. May 12, 1933, the Federal Emergency Relief Administration gave 5 million dollars to states to feed families and supply medicine. A failure in the first 100 days of the New Deal came with the Agricultural Adjustment Act. It aimed to help farmers’ morgages, but failed. The last came in June with the National Industrial Recovery Act that sought to put Americans in better working situations and higher industrial standards, but it failed. In the first 100 days of Roosevelt’s New Deal, several legislations were passed; many succeeded, many failed.
In the start of his new term of presidency, Franklin D. Roosevelt backed a new set of economic measures. Leading in these measures was his fight of poverty, to...
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