Did the New Deal Prolong the Great Depression Free Essays

Did the New Deal Prolong the Great Depression? Yes: Burton W. Folsom, Jr. * The Cabinet head had personal connections with the President. We will write a custom essay sample on Did the New Deal Prolong the Great Depression? or any similar topic only for you Order Now Made him bias towards FDR’s ideas * Unemployment was higher in 1939 than in 1931 after hoover left office * Govt went from running a surplus to a deficit * Seven Years of trade deficits cursed American GDP over the span of the New Deal * Welfare and Social Security kept lazy people lazy and made hard working people take pay cuts * The economy is self regulating and self healing; it would have fixed itself in time(not 12 years though) * IT was â€Å"Constraints School† The US economy was in a nose-dive for the first 6 years of FDR’s presidency, but he kept the Ether up and promised progress * Roosevelt Raised taxes across the board†¦ Sounds familiar to what is going on now†¦ damn Obama * If the war did not come about, FDR would not have lasted the 4 terms. NO: Roger Biles * FDR believed Taking a method and trying it until it worked or didn’t. It it did, then keep doing it; if it didn’t admit that defeat and try something else. He used the Federal Gov’t to â€Å"help† regulate the economy(kind of like genetically engineering which also doesn’t work 100% of the time) * Unemployment decreased over the first 5 years of FDR’s presidency * The FDIC insured everyone’s money that is in the bank which is something that the US needed in 1929 * FDR created hope for everyone with Social Security, Welfare and Section 8 housing * He created the US postal service, rural electrification act, and rural mail act * Roosevelt changed the form of Gov’t in a short 12 years * He created â€Å"Wealth Tax† (sounds familiar AGAIN! which â€Å"affected Very few taxpayers† * He then Repealed the â€Å"Wealth Tax† because it didn’t work FDR’s new deal was a great idea in theory(so is Marxism), but wasn’t the best idea for the time. What he did is kind of what we are going through today: Promising change but not saying when, Increasing taxes and hoping it will hel p your deficit, and tried to intervene with the self regulating economy. The New Deal DID work, but only because WWII brought the need for production back to America; without that, the New Deal would have taked much much longer to work. How to cite Did the New Deal Prolong the Great Depression?, Papers