What are the positive effects of FDR's New Deal?
The New Deal was a series of legislation passed beginning at the height of the Great Depression, in order to provide relief for the poor and stimulate the economy. The Great Depression began in 1929, largely as a result of the stock market crash, and by 1932, approximately one-quarter of the workforce was unemployed. During that year, President Hoover preached patience to the citizens. In stark contrast, when Americans were demoralized and devastated, a new president offered hope to the country. President Roosevelt took office in 1933. On March 4, 1933, he delivered his inaugural speech in which he stated, "the only thing we have to fear is fear itself."
Most of the legislation that came to be included as part of the New Deal was passed under President Roosevelt. One of his first plans was to stabilize banks. The American people lost faith in banks and were withdrawing their money. Roosevelt's Emergency Banking Act was passed, and, as a result, people began putting their money back into banks. The passage of the Tennessee Valley Authority Act was another step taken by Roosevelt that reaped positive benefits. Results were the creation of jobs for the building of dams and more widespread availability of electricity.
President Roosevelt's first 100 days in office saw the passage of other acts aimed at offering relief and assistance. However, more was needed. In 1935, he responded with what was called the Second New Deal. The Works Progress Administration and the Social Security Act are two examples of additional steps taken.
President Roosevelt's numerous plans provided positive benefits to the American people. Unemployment rates dropped, jobs were created to build roads, hospitals, and dams, and Americans experienced a restored confidence in the economy. Roosevelt's "fireside chats" provided people with a piece of mind. The Democratic party also received long-lasting popularity because of his actions. While his legislation had critics who complained of too much government or that not enough action was taken to help minorities, Roosevelt's New Deal assisted in helping America get back on its feet.