
How did the ‘New Deal’ help the United states during the Great depression?
Answer
549k+ views
Hint: The Great Depression of nineteen twenty-nine that lasted for around ten years saw the biggest Wall Street stock market crash and the ‘New Deal’ policies were formulated to recover the economy.
Complete answer:
The Great Depression sent the economy into stagnation from where coming back appeared to be a distant dream. It blew away the wealth of investors and businessmen as everyone went through heavy losses. To tackle this period of recession US President Franklin D. Roosevelt undertook several measures collectively termed as the ‘New Deal’ policies. In 'New Deal' policies several public employment opportunities were created to assist the youth and the unemployed. One of the major steps in this was the creation of the Civilian Conservation Corps. In (CCC) young people were employed and were given the task of conserving the natural environment and forest. Within these other opportunities were given in which employees were asked to reboot infrastructure and therefore this period saw the creation of some new buildings and structures. In Agriculture, the prices of crop yields were fixed and a particular wage or amount was given to the farmers so that they can get what they deserve. In banking, legislation was brought up to safeguard them against another such crash like the Emergency Bank Act, etc.
Note: With the help of these ‘New Deal’ policies and the vision of Franklin Roosevelt America was able to recover its economy and he successfully managed to bring it back to track.
Complete answer:
The Great Depression sent the economy into stagnation from where coming back appeared to be a distant dream. It blew away the wealth of investors and businessmen as everyone went through heavy losses. To tackle this period of recession US President Franklin D. Roosevelt undertook several measures collectively termed as the ‘New Deal’ policies. In 'New Deal' policies several public employment opportunities were created to assist the youth and the unemployed. One of the major steps in this was the creation of the Civilian Conservation Corps. In (CCC) young people were employed and were given the task of conserving the natural environment and forest. Within these other opportunities were given in which employees were asked to reboot infrastructure and therefore this period saw the creation of some new buildings and structures. In Agriculture, the prices of crop yields were fixed and a particular wage or amount was given to the farmers so that they can get what they deserve. In banking, legislation was brought up to safeguard them against another such crash like the Emergency Bank Act, etc.
Note: With the help of these ‘New Deal’ policies and the vision of Franklin Roosevelt America was able to recover its economy and he successfully managed to bring it back to track.
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