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New Deal

Franklin D. Roosevelt’s New Deal was successful. The New Deal was used to refer to U.S. president Franklin D. Roosevelt's program to solve the economic problems created by the Great Depression of the 1930s. However, the New Deal didn’t end the depression, but it did relieve much economic hardships and gave Americans faith in the democratic system at a time when other nations hit by the depression turned to the dictators. The New Deal programs were admired by some people and rejected by other people. The reason to why it was successful was because of the many relief policies. These policies focused on three general goals: relief for the needy, economic recovery, and financial reform.

The New Deal programs had many distinct policies that helped people gain confidence in economy and in the government. Roosevelt’s first goal was to provide relief for the needy. One of the largest programs begun under the New Deal was Works Progress Administration (WPA). The WPA provided work for needy people on the public works projects. Additional New


Last but not least, the New Deal program called the Banking Act of 1935 created a seven-year board to regulate the nation’s money supply and the interest rates on loans.

Besides providing help for the needy, Roosevelt also wanted to establish programs that would guide in recovering the economy. After Hoover was elected as the president of United States and was rejected by the country, Franklin D. Roosevelt knew that somehow he had to gain back people’s confidence. So, Roosevelt created the National Labor Relations Board (NLRB), which prevented unfair labor practices and settled disputes between workers and management. Moreover, he established the Securities and Exchange Commission (SEC) in 1934. The SEC protected the public from investing in unsafe securities and regulated the stock market. Furthermore, the Federal Deposit Insurance Corporation (FDIC) founded in 1933, insured individuals’ bank accounts, protecting people against losses due to bank failures. Finally, one of the most important achievements of the New Deal that is s

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