Evaluating the new deal Essay Example | Topics and Well Written Essays - 750 words

Evaluating the new deal - Essay ExampleThe retrieval programs sort to strengthen the economy and the reform programs aimed at preventing future depressions. Kennedy just manage many economists suggests that the new deal did target to saving capitalist system. It is evident that the first new deal was not that different from Hoovers end and philosophy effort to end the depression. This is because both Hoover and Roosevelt sort support from the business community. However, Roosevelts administration approached their suggestions with importance and a greater willingness by exerting the wide-eyed powers of the federal organisations on the programs (Kennedy, 1999). The new deal targeted three goals relief, recovery, and reform. There were relief measures such as laws that raft up programs that created jobs for thousands of young men. These jobs included tree-planting exercises, fire armed combat services, and building dams to control floods. There was also a law that required the fed eral presidential term to give money to states for helping the needy. The national industry recovery crook was implemented to aid in economy recovery let us consider the National recovery administration supported by this law, which brought businesses, government and workers together. This program although it was not successful in regulating competition among businesses and preventing workers from organising unions, it changed business relationships. The laws that aimed at aiding economic recovery also supported programs such as the Tennessee vale authority that encouraged the government to spend heavily on large building projects like building public buildings, highways, and dams this created employment for Americans. The agricultural adjustments act was passed in 1933 the act targeted to increase prices of agricultural products to help farmers by reducing the production of farm produce (Kennedy, 1999). The new deal did manage to improve the circumstances for round Americans. The new deal managed to drop the unemployment figure. In order to achieve the goals set for the new deal the social security act of 1935 helped by supporting the supplying of pensions for retired Americans. The law ensured that Americans who lost their jobs could access help from the federal government as stated in the unemployment insurance clause. The disabled and the needy also received government assistance. Although it is evident that not all Americans benefited from this law, but it did improve the lives of Americans in some way (Kennedy, 1999). Kennedy looks at the support new deal, which adopted an economic policy analogous to a Keynesian model. The second new deal set up mass consumption based economy by motivating the masses subject matter to consume. Economists argue that the second new deal targeted to restore the economy from bottom up. This deal is not as radical as the first deal this is because the second deal improved on a number of policies introduced in the first deal. According to Kennedy in the second new deal, the government spent funds in trying to turn non-consumers to consumers. The federal government continued to initiate projects that would create jobs for family breadwinners. This plan supported many families and increased consumer demand. The social security act of 1935 set up a federally guaranteed pension system, which became a safety net for retired workers this helped to increase consumer demand. There was also an improvement of the National labour relations act of 1935 where the law attempted to prevent the