Question

In: Economics

how effective was the New Deal in altering the nations social and political landscape

how effective was the New Deal in altering the nations social and political landscape

Solutions

Expert Solution

New Deal
US president Franklin D Roosevelt between 1933 and 1939 introduced the concept new deal program which brought many economical and political changes in the nation. Reforms in agriculture, industry, finance, labor, waterpower, housing and even the expansion of the activities of the federal government were the main features of the program. The program helped the nation to hold a sudden recovery after the great depression.
Economy was helped by the interference of the government changing the system of laissez-faire, which is the free market system. The administration with a prime objective, alleviate the problems suffered by a huge number of workers. Agencies like Works Progress Administration and Civilian Conservation Corps were made up to provide governmental aid and other benefits like temporary jobs etc. Administration also focused in reviving the agricultural and industrial sector. National Recovery Administration was helped to provide industrial encouraging changes and governmental policies both the employer and employees. Several measures were adopted to fix the financial sector more stable by providing insurance for the member banks of the federal system and stock market stabilizing moves. Tennessee Valley Authority has to assure the cheap and effective supply of electricity in a seven-state area, prevent floods, improve navigation etc. Labor unions were formed for the benefit of labors, social security measures for old age and widows were all the features of the new deal. Thus changes in several sectors made the economy more efficient, increasing the scope of the federal government to interfere in the economical and political activities of the states.


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