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To what extent was the New Deal effective in solving America's problems in the 1930s? The Great Depression was a particularly challenging time for the United States, marked by widespread unemployment, bank failures, and severe economic hardship - Scottish Highers History - Question 47 - 2022
Question 47
To what extent was the New Deal effective in solving America's problems in the 1930s? The Great Depression was a particularly challenging time for the United States... show full transcript
Worked Solution & Example Answer:To what extent was the New Deal effective in solving America's problems in the 1930s? The Great Depression was a particularly challenging time for the United States, marked by widespread unemployment, bank failures, and severe economic hardship - Scottish Highers History - Question 47 - 2022
Step 1
Role of Roosevelt and Confidence-Building
Answer
Franklin D. Roosevelt's leadership played a pivotal role in the establishment of over 100 federal agencies aimed at tackling the economic crisis. Through the introduction of the New Deal, he fostered a sense of hope and revitalized public confidence in the government. His policies included various public works projects and social welfare programs that sought to provide relief and generate employment.
Step 2
Banking Reforms
Answer
The New Deal implemented crucial banking reforms, most notably through the Emergency Banking Relief Act of 1933, which aimed to restore confidence in the banking sector. Measures included the reopening of solvent banks and the establishment of the Federal Deposit Insurance Corporation (FDIC), which secured deposits and bolstered trust in financial institutions.
Step 3
Agricultural Adjustments
Answer
The Agricultural Adjustment Act (AAA) addressed farmers' issues by managing crop production and stabilizing prices. While it succeeded in elevating some farmers' incomes, it disproportionately affected tenant farmers and sharecroppers, leading to further socio-economic disparities.
Step 4
Industrial Recovery Efforts
Answer
The National Industrial Recovery Act (NIRA) aimed to stimulate industrial growth by encouraging fair competition and labor rights. Although it set a precedent for government intervention in the economy, its implementation faced challenges, resulting in mixed outcomes across various sectors.
Step 5
Social Programs and Their Impact
Answer
Social welfare programs, such as the Social Security Act of 1935, marked a significant shift in government policy, providing a safety net for the elderly, disabled, and unemployed. These reforms laid the foundation for modern social welfare but did not fully address the immediate economic crises.