new deal
The New Deal was a political and social plan that was the presidential campaign platform of Franklin Delano Roosevelt. Although Roosevelt was very vague about what it was and actual measures to be taken while running for president, the New Deal was the shinning hope for many Americans who had lost their jobs or were living in poverty. After the United States had plummeted into the greatest depression to face this country while Herbert Hoover lead the country, many voters were looking for anyone with a promising plan and a bright outlook. As banks closed and unemployment rates soared, Roosevelt promised a balanced budget, and spoke of Hoover’s rash and excessive spending. The election of 1932 was a landslide in Roosevelt’s favor, and he quickly took over as soon as he began his term. Roosevelt called a special session of Congress lasting from March 9 until June 16 in 1933. Roosevelt began to put his “New Deal” into action. With a democratic majority in Congress on his side, Roosevelt churned out legislation rapidly from the generally sluggish machine of Congress. Banks had been closing all over the country due to frightened citizens withdrawing all of their money. In order to increase trust in them, Congress passed the
Moving on from this, Roosevelt decreed that all privately owned gold be turned in to the Treasury and to be paid back in paper money. He then took the nation off of the gold standard and cancelled the gold payment clause for all contracts. After this, Roosevelt reduced the gold content of the dollar to 59.06 cents. All of these measures were taken as an attempt to control inflation and to start up businesses. The Agricultural Adjustment Administration attempted to form as “artificial scarcity” by giving farmers compensation for growing less acreage. However, the intentional destruction of crops and the use of slaughtered pigs as fertilizer increased scrutiny of a plan that wasted food while so many went hungry. This particular plan failed, but a revision of the original idea succeeded with the Soil Conservation and Domestic Allotment Act of 1936. This planned to remove acreage from production while conserving the soil from erosion that had taken so much of the topsoil during drought and high winds. In order to accomplish this, farmers were paid to plant soil conserving crops or to let the land lie fallow. This was much more successful than its predecessor. The Second Agricultural Adjustment Act, passed two years later, continued conservation payments to farmers for growing less acreage, but also provided parity payments for farmers who conformed to restrictions on specific crops like cotton and wheat. In one of the areas in America hit hardest by the Depression, the Tennessee River Valley, an act named after the valley was formed to create a “planned economy.” The Tennessee River was to be dammed up in several places to prevent flooding in the area, create jobs in building the dams, and to provide large amounts of inexpensive hydroelectric power. Low-cost housing, lots of cheap nitrates, restoration of eroded soil, improved navigation, flood control, and reforestation were other effects of the Tennessee Valley Act. The Federal Housing Adminis
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Approximate Word count = 1325
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