The U.S. desperately needed cash to pay for tanks, guns and ammo, uniforms and food for soldiers, so war bonds were the answer. They were promoted to both adults and children. Each single bond would cost $18.75 to purchase, and in ten years could be sold back to the government for $25 (NWW2M). So, a war bond is nothing more than a loan issued from civilians to the government that yielded a 2.9% return. Children were also encouraged to buy 10-cent to 25-cent stamps that they could put into a stamp booklet and eventually raise the $18.75 needed for a full bond.
Some of these programs still in use are the urban transportation systems MARTA and BART, Highway Beautification, and Head Start (doc 6, 201-202). Roosevelt created Medicare, Medicaid, and Social Security to aid the elderly, and Johnson improved upon all of these programs, and more, to create “remarkable… achievements with older Americans” (doc. 6, 203). As Roosevelt had aimed to give Americans jobs and reduce poverty through programs such as the Works Progress Administration and Public Works Administration, Johnson successfully lowered the percentage of Americans below poverty from 22.2 percent to 12.1 percent and lowered the percentages of people below 125 percent of the poverty line by an even greater margin from 1960 to 1969 (doc. 8, 211-212).
By 1946, unemployment was reduced to 2.5% and this was in spite of huge post war problems such as shortages of raw materials and massive war debts. One way in which the government kept almost full employment was through nationalisation where the government took control of certain industries such as iron and steel production. Under this managed economy the government could use tax to keep an industry afloat even if it faced economic difficulties. This is a controversial topic as it was unclear how significant nationalisation was in creating jobs. Above all the Marshall plan was created as an initiative to provide massive loans for post war reconstruction and both the unemployment benefit and the massive rebuilding programme helped relieve idleness.
Franklin D. Roosevelt's New Deal vs. Barack Obama's Economic Stimulus Plan Aiding the economy was what both of these plans were meant for. Franklin Delano Roosevelt’s New Deal aided the American economy to get back on track during the 1930's. Due to the economy suffering severely from the great depression this plan was setup to help boast and get the economy going. Barack Obama's Stimulus Plan was also and aid brought out to save the economy. Due to the country facing the biggest economic crisis since the second world war, Obama and Democratic Party leaders suggested an economic stimulus package to confront the crisis.
Ryon Douglas Mrs. Steacker Per.3 Eng. 10 10 May, 2012 Draft Why Did Theodore D. Roosevelt has such an impact on the Great Depression? Roosevelt’s plan was The New Deal was simply a group of federal programs in which the unemployed were returned to work via government funded jobs. Some of his achievements were National Parks and building up Naval Power. Roosevelt had a great impact on America by changing the relationship between the national government and the people changed drastically.
Johnson doubled the amount of money being poured into the office of Economic Opportunity to improve the vile conditions in the Appalachian Mountain range. Also passed were Medicare laws which provided health insurance for both the elderly and the poor. While his policies “to give almost half a million underprivileged Americans…” assistance were beneficial, much of the assistance was taken from the program to help fuel the Vietnam War (Doc. B), (Doc. E).
With the help of Hopkins and Perkins, Roosevelt introduced help for the unemployed and those too old to work. Roosevelt was seen as great success as governor of New York and he was the obvious choice as the Democratic presidential candidate in 1932. Although Roosevelt was vague about what he would do about the economic depression, he easily beat his unpopular Republican rival, Herbert Hoover. Roosevelt's first act as president was to deal with the country's banking crisis. Since the beginning of the depression, a fifth of all banks had been forced to close.
The Second Wave of American Slavery In 1938, Franklin Delano Roosevelt signed into law a minimum wage of $0.25 an hour. This was part of his initiative to lift the United States out of the Great Depression, and provide every American with a livable paycheck. Since then, the minimum wage has increased to account for inflation. However, many Americans are still working full time in poverty. This discouraging figure, along with the prohibitively high cost of a higher education has led to a second wave of slaves in the twenty-first century.
The Bill was created to prevent a repeat of the Bonus March of 1932 and a relapse into the Great Depression after World War II ended. The American Legion (a veterans group) was essentially responsible for many of the Bill’s provisions. The Legion managed to have the bill apply to all who served in the armed services, including African Americans and women. The fact that the Bill paid for a G. I.’s entire education encouraged many universities across the country to expand enrollment. For example, the University of Michigan had fewer than 10,000 students prior to the war, but in 1948 its enrollment was well over 30,000.
In his first 100 days as president he created the “New Deal” which created jobs and provided financial relief during the great depression. The Federal Emergency Relief Administration gave cash to the states for payments to the unemployed. The Civilian Conservation Corps gave 300,000 men jobs planting trees, building bridges and cleaning beaches. The Civil Works Administration spent over one billion dollars on public works projects including airports and building roads. Many of our nation’s parks, forests, roads and airports we use today are a result of these programs.