Topic > Franklin D. Roosevelt and the New Deal - 964

Midterm part. II: EssayThe New DealAmbitious because of his suffering from polio, President Franklin D. Roosevelt was determined to make big changes just as his uncle, Theodore Roosevelt, had done years earlier. After the stock market crash of 1929, his famous “New Deal” brought changes to the nation that seemed to reduce the stress of the crash, alleviating the pressures it had on the American people. Roosevelt's reform initiated the separation of banking into two sectors, commercial banking and investment banking. With these new changes came the FDIC, otherwise known as the Federal Deposit Insurance Corporation, which insured an investor's deposit and has existed to this day. Many changes don't seem that complex on the surface when you read about them, but creating them required a lot of critical thinking. Whether you choose to agree or disagree with Roosevelt's "New Deal," it is quite clear that his mission had such an impact on our nation that it laid the foundation for the financial and social programs that are in place today. Was the New Deal a success or a failure? I can say that I support the belief that the New Deal is responsible for dragging America into the 20th and 21st centuries. He gave much more power to the American government with his call for “massive government intervention in the economy” which led the population to see the government as their new savior. In the information provided, the Secretary of the Treasury, Henry Morgenthau, had stated, “We are spending more than we ever have,” referring to Roosevelt's plan which did not achieve its intended purpose and made things worse (Madaras. 9). On the surface, federally funded programs lead us to testify and participate in... middle of paper......r intentional ethical breaches on the surface in the courts to protect specific interests. Works Cited [1] Madaras, Larry, SoRelle, James, M., Ed., Taking Sides: Clashing Views in United States History, vol. 2, Reconstruction in the Present, (New York, McGraw Hill, 2011). P.253.[2] Madaras, James, P. 245.[3] Madaras, James, P. 242.[4] Madaras, James, 242.[5] Chafe, William, H., The Rise and Fall of the American Century: The United States from 1890 to 2009 (New York: Oxford University Press, 2009), 94.[6] Chafe, 92.[7] Madaras, James, 249.[8] Madaras, James, 251.[9] Madaras, James, 246.[10] Madaras, James, 241.[11] “The Legacy of the Progressive Era: FDR's New Deal: Discover the Networks.” The Legacy of the Progressive Era: FDR's New Deal - Discover Networks. Np, nd Web. 01 April 2014.[12] “USA Patriot Act.” Investopedia. Np, nd Web. 01 April. 2014.