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. It can be argued that the New Deal was ineffective due to the inability to end the Great Depression with its short-term solutions and created more problems, however;Read MoreEssay on Franklin D Roosevelt1402 Words   |  6 Pagesconfidence and a new hope for the nation, declaring in his inauguration day speech on March 4, 1933, quot;the only thing we have to fear is fear itselfquot; (Norton, p.727). By incorporating this theory into politics, he attempted to pick America off the ground, and set America back on track with two sets of programs called the First and Second New Deals. During the first hundred days of his presidency, Roosevelt set forth his plan for national recovery, known as the First New Deal. Designed andRead MoreThe New Deal : A Success At Tackling The American Economic And Social Problems During The 1930 S1226 Words   |  5 Pages1939, America was set with new government programs established by President Franklin Delano Roosevelt. 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TheRead More 1930s Essay759 Words   |  4 Pageswitnessed a breakdown of the Democratic and free enterprise way of life. The government saw that the free enterprise system was failing. The New Deal increased the governments regulation and intervention and the economic system, thus temporarily abandoning the capitalism system and turning toward socialism to find the answer. The answer... the New Deal. Socialism is usually thought of as a form of government that advocates public ownership and public control of wealth (Britannica JrRead MoreGreat Depression Essays1347 Words   |  6 PagesThe Great Depression is probably one of the most misunderstood events in American history. It is routinely cited, as proof that unregulated capitalism is not the best in the world, and that only a massive welfare state, huge amounts of economic regulation, and other interventions can save capitalism from itself. The Great Depression had important consequences and was a devastating event in America, however many good policies and programs became available as a result of the great depression, someRead MoreThe Success of Franklin D. Roosevelts New Deal718 Words   |  3 PagesFranklin D. Roosevelt’s â€Å"New Deal† package of legislation set a new precedent for United States involvement in cultural development. The New Deal was characterized by liberal use of government resources to provide relief, recovery, and reform to a nation that had been reeling from the aftermath of the Great Depression. While the immediate success of Roosevelt’s New Deal in mitigating the effects of the Great Depression is debatable, it’s long lasting impact on American government is still felt today