Thursday, May 14, 2020

Relief, Recovery, Regulation - the New Deal - 1341 Words

Relief, Recovery, Regulation When Franklin personally addressed the Democratic Party Convention to accept the nomination, he was the first candidate to do so and thus received a lot of attention. These were the words from the acceptance speech that set the tone for his campaign and his administration: I pledge you, I pledge myself, to a new deal for the American people. Let us all here assembled constitute ourselves prophets of a new order of competence and of courage. This is more than a political campaign; it is a call to arms. Give me your help, not to win votes alone, but to win in this crusade to restore America to its own people. 1 These words might have been just platitudes, uttered by another progressive†¦show more content†¦While many of these programs were wasteful, they succeeded to some extent in keeping people out of foreclosure, out of starvation, and propped up morale. I think they could have been more successful had the Administration not shot itself in the foot with a perverse economic tightening in 1937. Recovery One of the best examples of a successful recovery program was the Tennessee Valley Authority (TVA). This program was proposed by Senator George Norris 5 during the Hoover Administration. Resurrected and expanded under Roosevelt, despite opposition from private utilities, The TVA constructed and maintained dams, provided hydroelectric power where there was no electricity before, and stimulated investment in the region. The TVA is one of the shining success stories of the New Deal. A less successful program was called the National Recovery Act (NRA). The NRA established a minimum wage, set working hours, and attempted to regulate prices. The act invested the President with vast authority to intervene in the market economy. One example was power to regulate aspects of interstate commerce, a power that the Constitution invests in Congress. The act was voluntary to business and riddled with bureaucracy. In May 1935 the US Supreme Court, in Schechter Poultry Corporation V. United States, unanimously ruled the NRA unconstitutional. In fact, 11 out of 16 of theShow MoreRelatedEssay on The Success and Failure of the New Deal747 Words   |  3 PagesThe New Deal The United States encountered many ordeals during the Great Depression (1929-1939). Poverty, unemployment and despair clouded the â€Å"American Dream† and intensified the urgency for solutions to address and control the nationwide damage. President Franklin Roosevelt proposed the New Deal to detoxify the nation of its suffering. 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