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What Caused The New Deal Dbq

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The 1920s were called the roaring 20s for a reason, the us economy was roaring. We had a booming stock market, and the atmosphere for the most part was fun, and enjoyable. But on October 29 1929(Black Tuesday), that all changed. The stock market crashed, losing the US over 14 billion dollars in stocks. As we went into the 30s it got worse, at the time then current president Herbert Hoover attempted to bring the U.S. out of the depression, but failed and was blamed for it. In 1932 Franklin Delano Roosevelt (FDR) was elected and he quickly implemented the New Deal creating programs that brought us out of the depression.
Though Hoover was blamed for the great depression it wasn't his fault, there were multiple other factors causing it. The first …show more content…

The Emergency Banking Relief, and the Federal Deposit Insurance Corporation act solved the issue of bad banking. In document 4 it shows a picture of FDR pulling a rabbit titled spending out of a hat and saying “This one rabbit never failed me” and what he did to fix the banks was pump money into them to make them stable once again. This shows that spending did work to make the economy stable again.
Even though many say that Roosevelt's new deal programs were trying to move the country to socialism but as shown in document 8 the New Deal programs that showed socialism were removed like a joker on a card game. One example is the National Relief Association which after it was seen as a move towards socialism it was removed. So therefor it didn’t move us towards socialism.
Ultimately the New deal programs did solve the issues that caused the great depression and it hoisted the U.S. out of the great depression and it gets millions back in employment. Many were happy with the effects of the great depression and it helped many live a better life. Just to show that it was successful is the fact that many of the New Deal programs still exist today including the FDIC, Social Security, and many

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