The+New+Deal

=The New Deal=

**America Before**
By:Tiffany Malay [|Tiffany]



Before the stock market crashed business was booming, most people lived pretty decent lives and were benefiting the success of their stock shares. Most bought things that they didn’t have money for by using credit. They figured their future income and profits from their stocks would cover all their excessive spending. Unfortunately that would not last and many would be left with nothing stuck in a deep hole of debt. It all started when the stock market prices had spiked to an all time high of 381 points. Then they slowly started to slump. Black Thursday and Black Tuesday would be the signs of the crash approaching. On October 24, Black Thursday investors began to sell stocks and stock prices began to fall. On October 29, Black Tuesday, record 16.4 million shares were sold compared to the 4 to 8 million-sold s year. October 29,1929 the stock market crashed. The Dow Jones Industrial Average had fallen from 381 to 198.7. The overall losses were totaled to 30 billion. America was left in turmoil.

**Steps to Improvement**
[|By: Shilla Kwon]

Franklin Delano Roosevelt entered his presidency with a promise of “a new deal for the American people.” He was able to follow through with his promise as many steps were taken to stimulate the economy, provide relief, and overall ameliorate the lives of American citizens. Initially, Roosevelt wished to stabilize financial institutions so that more people would have confidence in them. He also made an effort to create more jobs and help overburdened local relief agencies. Those jobs included construction projects, public works projects, and other community jobs that needed attention. Many programs were created for governmental agencies to establish organized, effective plans to improve America as a whole. The major agencies were the Civilian Conservation Corps (CCC), National Recovery Administration (NRA), Tennessee Valley Authority (TVA), Public Works Administration (PWA), Works Progress Administration (WPA), and the Securities and Exchange Commission (SEC). The CCC provided jobs to young men on restoring and maintaining forests, beaches, and parks. In order to balance the unstable economy, the NRA was created. It worked with industries to establish codes outlining fair business and labor practices. The TVA provided cheap electric power, flood control, and recreational opportunities to the Tennessee River valley and surrounding areas. This program was very helpful to farmers. Massive public works projects such as dams and hydroelectric plants were sponsored through the PWA. The WPA supported artists and writers, provided work, and helped build and improve playgrounds, schools, hospitals, and airfields. Finally, the SEC regulated stock market in order to protect investors from dishonest trading practices.

Aftermath
By: Neel Andharia [|The New Deal]



The New Deal flourished throughout the country with the numerous programs, at first. When no apparent improvement was brought about, criticism began to mount. The biggest setback to the New Deal was the increasing power of the federal government. It started to imitate a tyranny due to the state-controlled economic system. Because of this, the Supreme Court eradicated two of the most important constituents to the New Deal. Despite the unsuccessful outcome in the economy, the public remained true to Roosevelt. Also, the New Deal failed to end discriminatory practices and partiality against women and immigrants. Because of this, he proposed the Second New Deal that included more social welfare benefits, stricter controls over business, stronger support for unions, and higher taxes on the wealthy. This Second New Deal responded to the worsening plight of agricultural workers, brought electricity to countryside, and created more liberation for unions. The Second New Deal was more widely accepted, as well as successful compared to the New Deal.