The New Deal: Success Or Failure

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The New Deal... Success or Failure
Eli Harmala 4th Hour

I think that Franklin Roosevelt's new deal was a success because it did more good than bad. The new deal created millions of jobs and financed public projects that created most of the counties in the United States. According to americanthinker.com, in 1933, when the new deal was created, the unemployment rate started decreasing at a pretty steady rate. So, with lots of jobs being created, there were jobs for people, so more people were employed which dropped the unemployment rate. Another main point that the new deal was a success was that the protection from the federal government of bank deposits ended the threatening direction of bank runs. Starting in 1933, the GDP started increasing at a steady rate, right after it declined from $104 billion to $56 billion from 1929 to 1933. This tells me that Roosevelt's new deal helped bring the GDP back up to normal numbers. Misuse of the stock market was more distinctly interpreted and observed to stop drops in the following years is a third main point to support FDR's new deal as a success. After the stock market crashed during the Great Depression, FDR's new deal helped bring the stocks back up to their normal places and gave people hope. The government had come up with ways to keep an eye on the stock market, so nothing would happen …show more content…
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