Tuesday, March 1, 2011

The Second New Deal

After the failure of the first New Deal to restore the economics of the United States, In the years of 1935 and 1938 Franklin Roosevelt and the congress were introducing new agencies: Indian Reorganizations Act; Works Progress Administration which was in charge of public works projects from roads to schools; National Youth Administration which provided students with jobs; Rural Electrification Administration which was responsible for providing rural territories with electricity and Resettlement Administration which carried out urban planning in the depressed territories(W.L. Wunder).

What is significant about Roosevelt’s economic and social measures which he suggested in the Second New Deal was that they were aimed at providing the unemployed with work and social safety packages. A system of insurance was worked out for the elderly and disabled (U.S Department of State). This social security system was based on the taxes from employers and employees (U.S Department of State).

What was also unique about the United States Historical Period during the second new deal was that the Federal Programs were trying to strengthen unemployed families by providing work places, and influencing consumer demand. The Second New Deal led to higher wages and enabled millions of people with purchasing power (U.S Department of State). And the strongest advantage of the Second New Deal for businessman was that it provided protection for them from labor movement, agricultural economy, supervised the competition, and the major influence on the market.





Photo retrieved from http://www.salem-news.com/articles/july032009/dyi_hr_7-3-09.php

Bibliography:
1. The Second New Deal. Retrieved March 3, 2011 from U.S. Department of State website: http://countrystudies.us/united-states/history-98.htm
2. Wunder, W.L. (2009, February 6). The Second New Deal: Economic Security Legislation in the Great Depression. Retrieved March 3, 2011 from the website: http://www.suite101.com/content/the-second-new-deal-a94544

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