The New Deal Great Depression Summary of Facts - History

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The New Deal

The New Deal Programs were implemented by Franklin D. Roosevelts administration during the Great Depression. Many of the New Deal programs that still exist today are described below.

The New Deal was 2 new deals. It was a series of acts to help boost the economy during the depression. There are mixed feelings on these policies. Some feel that Roosevelt's policies actually prolonged the Depression whereas others feel his policies helped the economy.

The Emergency Banking Act was designed to give investors confidence in the banks. The Glass–Steagall Act created the Federal Deposit Insurance Corporation (FDIC) which insures banking deposits against fraud, theft or bank failure.

The Social Security Act was also implemented under FDR's administration.

Federal Emergency Relief Act which was originally started under Hoover, was continued. It was designed to help those unemployed.

  • Roosevelt's New Deal started the CCC or the Civilian Conservation Corp. It was apart of the Federal Emergency Relief Act. It was also the most popular of Roosevelt's policies. The CCC was intended to put young men to work and keep them occupied so they would not start any trouble. Young single men age 18-25 worked in the CCC. This program was run like the military and used strict discipline the men received $25.00 dollars a month. $20 dollars of their pay went to their families. $5.00 went to the men. The CCC  built the Blue Ridge Parkway. The impact on the region was jobs, exposure to the rest of the country, and the legacy of the Blue Ridge Parkway. The Appalachian Mountains were isolated and therefore backwards in development compared to the rest of the country.
  • Roosevelt's New Deal also started the TVA or Tennessee Valley Authority. The TVA was a massive public works program formed in 1933. This program had a major role in the development of Western North Carolina and EasternTennessee. The TVA dammed up the rivers and  experimented in regional planning. The TVA dammed up most of the Tennessee River which was prone to flooding. Damming the rivers not only solve the problem of flooding but made electricity available. Fontana Dam was a project of TVA during the 30's. The French Broad runs through Asheville and joins with the Tennessee River at Knoxville TN. The impact on the region was fertilizer, erosion control, tons of jobs, and industry. All this was possible because of the electricity.
  • Rural Electrification Program was another New Deal project. This was an attempt to put electricity in every home. It was a subsidy program. Rural areas are often spread out where houses are quite a distance from other houses. This makes it expensive to have electricity. Since the area has always been isolated due to the rugged terrain, people living in the Appalachian Mountains were poor. The Appalachian Region benefited from the Rural Electrification most. The subsidy program made it possible for most everyone in the Appalachian mountains to have electricity. However, I knew people in Western North Carolina who grew up in the 40's and 50's who did not have electricity, running water, or inside plumbing.

Roosevelt's opposition compared his policies with communism. However, the labor unions supported his programs. Many of the New Deal's policies are still in effect today for example, social security.