For GDP – this is usually taken as key pointer in a nation’s economic health – 1933 to 1939 witnessed a 60% increase; the amount of consumer products bought increased by 40% while private investment in industry increased by 5 times in just six years.
The Works Progress Administration, or WPA, was another extremely helpful agency during the Depression, putting $11 million dollars into public buildings, bridges, and hard-surfaced roads, creating millions of new jobs.
To the American people who were used to coming into contact with the government only at the post office and on other infrequent occasions, Roosevelt’s system was ground-breaking; never before had the government intervened to help farmers in need (AAA), or homeowners struggling with mortgages (HOLC), or families starving during the winter (CWA). government would not help its own citizens, then who would?
In all three areas, there were significant improvements.
Economic strength and development thrives on confidence and these figures give the clear impression that America now had greater confidence in her economic ability after the Wall Street Crash.
However, for many Americans in the 1930’s, Roosevelt was the president who included in his policies the people who had felt excluded by politics once the Depression had taken its hold.
Evaluate the significant changes that it brought and determine how different the nation became because of it. Roosevelt’s “New Deal” was the ultimate reform movement, providing bold reform without bloodshed or revolution.However, America was at itseconomic peak then and after such an economic catastrophe as the Wall Street Crash, it would have bordered on the impossibility for Roosevelt to have got back to the 1928 figure.If the 1933 figure is taken as a baseline figure – the year Roosevelt took office as president – then a different pattern emerges.He started by creating the Civilian Conservation Corps, or CCC, which provided employment in government camps for three million young men.These men served doing useful, but (some would say) unnecessary tasks like reforesting, firefighting, draining swamps, and controlling floods.Roosevelt had no uncertainties or misgivings about the use of Federal money to help Americans. Roosevelt also made other revolutionary changes with his New Deal.The plight of the worker had always been of concern to Roosevelt, and he did much during his time as president to improve overall working conditions.Economists who attacked the New Deal claimed that all the acts introduced by the New Deal were short-term policies and that there was no long term planning for America’s future.In one sense, they felt, that those who had come to rely on the New Deal were being conned as all the evidence pointed to the fact that at some time in the near future, they were likely to be made unemployed once again – after all, there were only so many trees you could plant and lakes in which to stock fish.Whether the New Deal was a success or not, depends on the definition of success. However, an analysis of whether the New Deal was a success or failure requires a larger scope of questioning than simply looking at economic statistics.Did the New Deal eliminate unemployment and turn America around? From the collapse of Wall Street in October 1929 to the presidential election in November 1932, to many Americans it appeared as if Hoover, the Republican president, was either doing nothing or too little.