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Franklin D. Roosevelt
The Great Depression

What was new about the New Deal?

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Answered 2015-07-14 16:48:01

The New Deal was Franklin Roosevelt's way of dealing with the depression of the late 20's and 30's. Unfortunatly it depended on large government programs at taxpayer expense to employ people and it was not a sucess. Only the advent of ww2 and growth of private industry pulled the US out of the great depression and we were and still are left with many new deal socialist Democrat programs that mean a bigger tax burden for all working people. People all over the world try to escape to the US so that they too can have economic freedom and ownership of property. Sometimes these socialist countries that they are fleeing from have taken 70 percent or more of their wages. In return they get health care public transportation etc. but no money left for their own home car etc. That is the New Deal and it is here in this country. We have many Bolshevics in our country too. Both Democrat and Republicans that would die rather than support a flat tax of 10 % that would cause the greatest economic boom of our history. Why not? They are in the wealth redistibution business that's why! Their new deal is just like the old FDR model of socialism and it failed in the USSR and it is failing here too. Look at our failing government schools as an example! The cure is to cut taxes and let private industry thrive then all of us will be better!! The catch is the politicians will have less power and they would rather bring the country down around them than give it up.

There were several thrusts of the "New Deal", most of which were new in that they made the government a more active participant in the economy than it had ever been before, outside of wartime:

Emergency programs to reduce unemployment by all kinds of public works programs, ranging from the tried and true types like road construction to the more esoteric, such as murals in public buildings. Many of the amenities in national parks in use today date back to the New Deal projects.

Financial security measures to restore confidence in banking and the Stock Market, involving insuring deposits and regulatory inspections of the public stock and bond markets to ensure honesty of claims made and to regulate insider trading.

Encouragment, instead of the previous government discouragement, of labor unions in order to boost wages and reduce working hours to stimulate the economy and reduce unemployment.

Financial security for the elderly by bringing about the Social Security Adminsitration, funded by payroll taxes. This served not only to give retirment security, but it stimulated the economy too as it reduced the fear of growing old without a means of support, thus reducing the hording of savings, which was a big problemn in the Depression. This was not an American invention, it was used in Grmany in the nineteenth century.

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