How Did The New Deal Affect Society
President Franklin D. Roosevelt implemented the New Deal in 1933. The New Deal was a success assignable to being responsible for some powerful and important accomplishments such as increasing employment rates and saving capitalism, however, it did have some downsides, as the Great Depression did not entirely end. The New Deal helped Americans in many different ways, such as through the programs it provided. Some of the programs included Farm Security Administration (FSA) which focused on improving the lives of tenant farmers and sharecroppers, especially those affected by the Dust Bowl. It provided loans, subsidies, educational programs, “more productive land, promoted soil conservation, provided emergency relief and loaned money to help farmers buy and improve farms”
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One of these programs, still around today, is the Federal Deposit Insurance Corporation (FDIC) which was established to “ensure a level of trust in the American banking system” (HISTORY.COM EDITORS, 2017, #). After the stock market crash of 1929, many worried people withdrew their money from banks, causing bank failures across the country. The FDIC stepped in to protect people's money in the bank. If the bank goes out of business, the FDIC will refund back the money you saved, to a certain amount. Gaining peoples confidence in putting their money in the bank, making the banking system stable. While the New Deal was a success and introduced various programs to deal with the Great Depression, it also had its downsides. One of the New Deal programs, known as the Agricultural Adjustment Act (AAA), faced opposition for its methods of managing farm production, which led to higher food prices during the Great Depression, making it harder for civilians to afford food. Additionally, the New Deal would also include racial
One of these programs, still around today, is the Federal Deposit Insurance Corporation (FDIC) which was established to “ensure a level of trust in the American banking system” (HISTORY.COM EDITORS, 2017, #). After the stock market crash of 1929, many worried people withdrew their money from banks, causing bank failures across the country. The FDIC stepped in to protect people's money in the bank. If the bank goes out of business, the FDIC will refund back the money you saved, to a certain amount. Gaining peoples confidence in putting their money in the bank, making the banking system stable. While the New Deal was a success and introduced various programs to deal with the Great Depression, it also had its downsides. One of the New Deal programs, known as the Agricultural Adjustment Act (AAA), faced opposition for its methods of managing farm production, which led to higher food prices during the Great Depression, making it harder for civilians to afford food. Additionally, the New Deal would also include racial