The New Deal Questions and Answers

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How successful was the New Deal as a response to the Great Depression?

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The Great Depression began on October 24, 1929 with the stock market crash on Black Thursday. By the time that Franklin Delano Roosevelt became president in 1933, almost 25 percent of the American labor force was out of work, the banking system was in shambles, factories had shut down, and people had lost many homes and farms to foreclosure.

The New Deal was the fulfillment of FDR's promise to swiftly alleviate the plight of the American people. Upon assuming office, he immediately declared a four-day banking holiday so that the run on banks would stop. At the end of the holiday, only banks that were solvent were allowed to reopen. Many new federal agencies were created to address the needs of the people affected by the Great Depression.

For instance, the Tennessee Valley Authority brought electricity to rural areas and provided jobs. The Civilian Conservation Corps helped the environment while providing jobs to young people. The Works Progress Administration also provided many jobs in...

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