Question

List at least three achievements of the New Deal.

Answer 1

The New Deal's achievements included banking system reform with the FDIC's creation, job creation through programs like the Works Progress Administration, and agricultural adjustment to stabilize farm markets.

Step-by-step explanation:

The New Deal, implemented by President Franklin Delano Roosevelt during the Great Depression, had several key achievements:

1. Reform of the Banking System: The New Deal led to major reforms in the banking system, including the establishment of the Federal Deposit Insurance Corporation (FDIC) in 1933 which protected depositors' money, thereby restoring trust in the banking system.
2. Job Creation: The creation of work-relief programs like the Works Progress Administration provided employment for millions of Americans, thus reducing unemployment and boosting consumer spending.
3. Agricultural Adjustment: Programs were introduced to stabilize agricultural markets, which included payments to farmers to reduce crop acreage and increase farm prices, alleviating the plight of the American farmer.

These steps laid the groundwork for economic recovery and long-term financial stability. The New Deal was instrumental in reversing the economic downturn and restoring hope among the American populace, marked by increased optimism and a re-energized workforce.

Answer 2

1. It helped a large number of people, caught in the worst depression in American history, by providing them jobs, financing farm and home mortgages. Though vigorous banking policy the administration saved many people from grave difficulty. Its relief programs enabled the unfortunate people to earn money without sacrificing their self-respect.

2. The Work Progress Administration (W.P.A.) and Public Works Administration (P.W.A.) rendered valuable services to the country by constructing roads, bridges, schools, hospitals and works of art. Similarly the Tennessee Valley Authority (T.V.A.) helped in the transformation of the great region by bringing under cultivation millions of acres and helping in the establishment or prosperous industries.

3. In the sphere of social security also the New Deal Administration helped in removing the American backwardness and provided for schemes like old age pensions, unemployment insurance etc. In subsequent years the scope of social security measures further widened.