Tuesday, March 29, 2011
The New Deal
President Roosevelt inherited a pretty bad situation in 1933. Unlike the previous president, he choose to spend money to help get the U.S. out of the Depression. Although many historians argue that the New Deal was a failure, that it failed to end the Great Depression, it did have its positives, including many programs that still exist today. Based on what you've learned about why the depression started and what the major problems were that people faced during the time, what do you think were the two (2) most important pieces of New Deal legislation passed by FDR and why?
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I think the two most important pieces of The New Deal legislation were fireside chats and bank stabilization. I love how FDR wanted to communicate to the whole country with a radio! . Not just a section of the country. That says a lot about a man, especially the president. Second, The fact that Roosevelt wanted to balance the country's banks was one of my favorite pieces of the New Deal legislation!
ReplyDeleteI think the two important pieces of the new deal legislation was when Roosevelt wanted to make sure that everyone got there money and to make sure they were able to get it Kate on whenever they wanted to take out there money. The second Important piece of the new deal legislation is Bank holiday when they shut down the banks so people could just go and get there money.
ReplyDeleteI believe that the PWA (Public Works Association) and the SEC (Securities and Exchange Commission) played some of the most important parts in FDR's "New Deal". The PWA created countless job opportunities which resulted in an increased flow of currency throughout the American economy. Many of their projects are still existing and in use to this very day. The SEC played an enormous role in the stabilization of the American economy. It greatly reduced the amount of "foul play" in the stock market and created many regulations that kept American finances in check. Without it, the entire country may have reverted back to it's previous state of poverty and despair.
ReplyDeleteI think the FDIC (Federal Deposit Insurance Corporation) was one of the most important pieces of the New Deal legislation because, it allowed people to trust banks. By assuring money would be insured, people began to deposit more money, which helped the economy. The PWA (Public Works Administration) also was an important piece of the New Deal. The PWA created a series of construction projects which, created jobs. The PWA built/improved highways, dams, water works, and schools and some of these projects still remain today.
ReplyDeleteI believe regulating banks and regulating the stock market were very important, because they stabilized the economy in a way that prevented great depressions from becoming a regular thing.
ReplyDeleteI think the two most important pieces of The New Deal Legislation was the FDIC and the SEC. The FDIC insured people's money and let them know that they won't lose all their money again if they keep them in banks. It allowed people to trust banks again. The SEC regulated the stock market and kept it stable.
ReplyDeleteI believe that the 2 most important pieces of New Deal legislation passed by FDR was the SEC and the FDIC. The SEC was the one looking out for the stock market to make sure everything was going smoothly in the stock market. The FDIC made people put there money in the bank which helped the economy greatly.
ReplyDeleteI think that the two most important pieces od the new deal legislation were the control of the stock market and the banking system because they balanced the economy and banks were less likely to close because of a bankrupt, another thing i think was very important and helpful was the way he talked to people and how he was capable of convincing people explaining them how things were working and what was happening with words everybody could understand, in particular he made people trust in banks again guaranteeing the return of their money in case their bank closed, this was a good attempt to help U.S.' busines and economy.
ReplyDeleteI think the two most important pieces of new deal legislation passed by FDR were the FDIC (Federal Deposit Insurance Corporation)and the PWA (Public Works Association. The FDIC was important because it helped to fix the banks by allowing people to trust them again. By putting trust back into the backs, people put their money back into the banks. The PWA was important because it created many jobs for people that lost theirs during the Depression by making construction projects. The PWA built schools, parks, roads, highways, and buldings to help communities.
ReplyDeleteI think the two most important pieces of the New Deal were the SEC & PWA (Securities & Exchange Commission && Public Works Administration) The SEC because what it did was regulate the stock market and also prevent fraud, during the Great Depression the stock market was a wreck and the fact that it was unregulated before was a cause for the Great Depression so I think it's important that the SEC regulate it and prevent any worse things from happening. The PWA provided employment and also built schools, parks and roads. Many people during the Great Depression lost their jobs and the unemployment rate was high so finding jobs for unemployed people was very important, especially since many families were suffering greatly and they really needed the money, alo having construction of schools, parks and roads is a plus.
ReplyDeleteI don't think the New Deal was a failure. It is easier to fix our own mistakes than those that are not our fault. No one could expect him to came and save the world. He did a lot of action as soon as he became a president which is something that gives him a lot fo credit for a start. Then, he passed 15 legislations and from my point of view, the most important were bank stabilization and public work administration. The banks were the key issue to stabilise the economy and PWA provided jobs and public facilities.
ReplyDeleteWhat I admire the most was his ability to convey his message to the people. How he communicated with the nation, with his persuasive voice, over the radio, that makes him my favorite president.
I think the two most important pieces of the New Deal legislation passed by FDR were the FDIC and the PWA. The Federal Deposit Insurance Corporation provided government insurance for bank deposits up to a certain amount. It was formed by Congress to insure deposits up to $5000. It also reestablished America’s faith in banks. The PWA was a series of construction projects, like building bridges, roads, public works, ect. It created jobs, which led to more money. People were able to spend more and that helped a great deal.
ReplyDeleteI believe that the bank holiday was a very crucial moment is the depression because when he closed the bank Because he knew that if there's no money coming out the bank then there's none coming in also I believe social security was very useful because it helped old people with retirement and welfare ect. And giving people who need money.
ReplyDeleteI think one of the most important ones was the FDIC (Federal Deposit Insurance Corporation) because the banks were the main cause of the depresstion where everyone lost there money. Now if something like that where to ever happen again people would still have their money. Also the PWA (public works administration) was also really important because it helps create schools and roads for around were people live. I think we take for granted how important things like public works is!
ReplyDeleteDefinitely PWA and FDIC, PWA opened a lot of lob opportunities for unemployed people and FDIC because it provided assurance about Banks for people. Which provided little spark to get economy back on track.
ReplyDeleteI believe that the stabilization of banks and the Public Works Association were the best part of Roosevelt's new deal. Roosevelt secured confidence back into the banks, and that was very needed at this time. After the stock market crash people were hesitant to leave their money anywhere, and Roosevelt doing this helped greatly and was of much importance to the nation getting back on it's feet. The Public Works was also one of the best parts because many people got jobs that they may have not gotten before, and much needed projects got done due to this action.
ReplyDeleteI think the most important legislations passed by FDR were the SEC and the PWA. The first I mentioned was the most urgent think to do, infact after the stock market disaster everyone has lost confidence in the economy system so it was clear that regulate the stock market to avoid disonest practice was the first thing to do.
ReplyDeleteThe PWA on the other hand was absolutely the most useful operation FDR did because in this way people were able to find a job and to be more helpful by doing public works. Finally they restarted to earn money and this gave an imput to the newborn economy.
i really like the PWA and the FDIC. the PWA was great because it gave great opportunities to people for having new jobs and to get money. this then leads to the FDIC. when people were earning money again the FDIC instilled trust in the people to put money back in banks and get them going again. the PWA and FDIC went hand in hand and it really benefited the economy getting a lot better.
ReplyDeleteOne of the most important parts of the new deal was the WPA. The WPA was important because it constructed 650,000 miles of roads and highways and built and improved many buildings including bridges and airports. Another important part of the new deal was how Government agencies stabilized banking and this had improved the stock market.
ReplyDeletei think the two most important pieces of the new deal was the FERA the PWA. The FERA granted money to states and local governments to help the umemployed so that they wouldnt be homeless and have some money in there pockets and also i the PWA because it proivede jobs to people in construction of airports, parks and schools it help them.
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