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whiteangel
whiteangel
Student

How did F.D.R.'s New Deal address the mood of the nation in 1933?

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Posted by whiteangel on Monday February 23, 2009 at 10:02 AM and tagged with 1933, fdr, history, new deal, us history.

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  1. enotechris Teacher
    Vocational

    eNotes Editor

    The New Deal was a result of the Great Depression.  Although many attribute the Depression to the collapse of the US stock market in October, 1929, this was actually more of a symptom than a cause, although it resulted in immediate and drastic economic change.  Part of the problem was a result of the lingering economic dislocation caused by WWI, but there are many additional factors. Roosevelt attempted to address stagnant economic conditions by instituting various governmental programs collectively known as the New Deal; proponents claim it was necessary during such harsh economic times; opponents claim it expanded the power of the Federal Government unconstitutionally and created the welfare state that continues to grow even today. Its key points included direct financial assistance and "made work" projects, public works, restrictions on farming, gold confiscation and abandonment of the gold standard, the reorganization of home loans through HOLC, the establishment of the FHA, direct loans to the railroad industry (bailout!), the establishment of government backed labor unions, the establishment of the FDIC, TVA, and Social Security.

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    Posted by enotechris on Friday February 27, 2009 at 7:37 PM