Assessing the New Deal

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Assessing the New Deal
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New Deal Programs

• Promised that the government would care for the
  weak in society
• Gave the government greater control over the
  economy
• Banks
• Businesses
• Farms
• Etc.
• Was this a good thing or a bad thing for our
  country?
• There is NOT agreement on this point

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Did the New Deal Work?
'YES' Arguments

• More humane
• No homeless old people
• No starvation, etc.
• Built up infrastructure
• Roads, bridges, dams, etc.
• Eased pain of Great Depression
• Unemployment dropped
• Millions got jobs
• Businesses recovered
• Trust in banks recovered
• Supported the Ideas of Keynesian economics

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Gov should cut spending
Gov should deficit spent
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Did the New Deal Work?
'NO' Arguments

• Conservative Critics
• some felt that the New Deal gave the Federal
  Government too much power
• This harmed business
• increased federal deficit
• The Supreme Court declared some New Deal
  programs unconstitutional (ex NRA AAA)

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Did the New Deal Work?
'NO' Arguments

• Socialist (very liberal) Critics
• some felt the New Deal did not do enough
• should gov take over and run banks?
• Should all Americans be guaranteed jobs?
• In the New Deal, gov. held back farm production
  as people starved.
• interesting economic discussion of how the
  price that would allow farmers to break even can
  be too high for the poor how to deal with that?
• New Deal did not end Great Depression WWII did

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