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America, 1920-1973: Opportunity and Inequality

History Essays

A Level/AS Level/O Level

Free Essay Outline

Outline: The New Deal and the Great Depression

This essay will examine the extent to which the New Deal successfully addressed the problems of the Great Depression in America from 1929-1939. It will argue that while the New Deal offered essential relief and provided a framework for economic recovery, it ultimately failed to fully address the fundamental issues that led to the depression or completely eradicate its effects.

Successes of the New Deal:
1. Relief:

⭐Creation of programs like the FERA and WPA, providing direct aid to the unemployed and stimulating the economy.
⭐The CCC provided employment and work experience to young men, mitigating social unrest.
⭐The Social Security Act offered vital financial assistance to the elderly, disabled, and unemployed, mitigating long-term hardship.

2. Recovery:

⭐The Agricultural Adjustment Act (AAA) aimed to restore farm prices and stabilize the agricultural sector.
⭐The National Industrial Recovery Act (NIRA) aimed to promote cooperation between industry and labor to stimulate production.

⭐While the NIRA was declared unconstitutional, its legacy influenced later legislation and labor relations.

3. Reform:

⭐The Tennessee Valley Authority (TVA) provided flood control, affordable electricity, and economic development to a depressed region.
⭐The Securities and Exchange Commission (SEC) reformed the stock market to prevent future crashes.
⭐The FDIC insured bank deposits, restoring public confidence in the banking system.

Limitations of the New Deal:
1. Limited Impact:

⭐Despite the efforts of the New Deal, unemployment remained high throughout the 1930s.
⭐The New Deal's programs were often slow to implement and faced political opposition.

2. Neglect of Certain Groups:

⭐The New Deal did not adequately address the needs of African Americans, women, or migrant workers.
⭐Some reforms, like the AAA, further disadvantaged sharecroppers and African American farmers.

3. Economic Fundamentalism:

⭐The New Deal did not address the fundamental issues of income inequality and the cyclical nature of the capitalist economy.
⭐Some argue that the New Deal's interventionist policies actually slowed economic recovery.

The New Deal offered significant relief and implemented reforms that ultimately shaped American society and the role of government. However, it did not completely address the underlying economic issues or fully alleviate the suffering caused by the Depression. The New Deal's successes and limitations continue to be debated by historians, and its legacy continues to influence contemporary political and economic discourse.

Free Essay

A New Deal for a Troubled Nation: Assessing the Success of FDR's Response to the Great Depression

The Great Depression, a period of unprecedented economic hardship in American history, plunged the nation into despair. From 1929 to the mid-1930s, unemployment soared, businesses shuttered, and families struggled to survive. Faced with this national crisis, President Franklin Delano Roosevelt launched the New Deal, a series of ambitious programs aimed at addressing the depression's multifaceted challenges. Evaluating the New Deal's success requires understanding its impact on various aspects of American life, acknowledging both its achievements and limitations.

One of the New Deal's primary goals was to alleviate unemployment. The Civilian Conservation Corps (CCC) provided jobs for young men in conservation projects, while the Works Progress Administration (WPA) employed millions in construction, arts, and public works. These programs, along with the Public Works Administration (PWA), injected much-needed capital into the stagnant economy and created jobs that directly impacted the lives of countless citizens. However, despite these efforts, unemployment remained high, hovering around 20% in 1939.

The New Deal also addressed the agricultural crisis through programs like the Agricultural Adjustment Act (AAA). The AAA aimed to stabilize farm prices by paying farmers to reduce production, a controversial measure that was ultimately declared unconstitutional but nonetheless provided temporary relief to struggling farmers. The Rural Electrification Administration (REA) brought electricity to rural areas, improving the quality of life for many farmers and contributing to the modernization of agriculture.

A key aspect of the New Deal was the creation of a social safety net. Social Security, a landmark piece of legislation, established a system of retirement benefits and unemployment insurance, providing crucial financial support to vulnerable populations. The National Labor Relations Act (Wagner Act) protected workers' rights to unionize and bargain collectively, bolstering labor movements and empowering workers to demand better conditions. However, the New Deal's social welfare programs faced criticism for excluding significant portions of the population, such as farmworkers and domestic servants, highlighting the challenges of achieving universal social security in a racially and economically divided nation.

Beyond its economic and social reforms, the New Deal also addressed the issue of banking instability. The Federal Deposit Insurance Corporation (FDIC) was established to insure bank deposits, restoring public confidence in the banking system and preventing future runs. The Securities and Exchange Commission (SEC) was created to regulate the stock market, addressing the perceived abuses that had contributed to the crash of 1929. These measures aimed to prevent future economic crises and promote a more stable financial system.

While the New Deal undeniably alleviated hardship and laid the foundation for many of the social welfare programs we rely on today, it wasn't without flaws. Critics argued that it expanded the role of government too much, encroached on individual liberties, and failed to fully address the underlying economic problems. The New Deal also did little to address racial disparities, with many programs effectively excluding African Americans from participation.

In conclusion, the New Deal was a significant response to the Great Depression. It provided much-needed relief to millions of Americans, helped stabilize the economy, and laid the groundwork for a more robust social safety net. However, its effectiveness was limited by the persistence of high unemployment, its exclusionary practices, and the lingering economic challenges of the era. Ultimately, the New Deal serves as a testament to the government's role in addressing economic crises and the ongoing struggle for social and economic justice in America.

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