1933 List of New Deal Legislation - 0 views
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Heidi Beckles on 10 Oct 13When I first looked at this photo, the first thing that came to mind was the image of a hillbilly. As I searched the web for information about the photo I remembered visiting the tenement museum in the Lower Eastside, one of the things I remembered was Hard Times and the New Deal of the early mid 1930's. The New Deal came up when I typed in hillbilly in Hale County Alabama, which lead me to this site about Roosevelt and the New Deal. Since the onset of the Great Depression-initiated by the crash of the stock market in the fall of 1929-over $75 billion in equity capital had been lost on Wall Street, the gross national product had plunged from a high of $104 billion to a mere $74 billion, and U.S. exports had fallen by 62 percent. Over thirteen million people, nearly 25 percent of the workforce, were now unemployed. In some cities, the jobless rate was even higher. Caught in a web of despair, thousands of shabbily dressed men and women walked the streets in search of work, or a bit of food, doled out from one of the hundreds of soup kitchens set up by private charities to keep the wage-less from starvation. FDR's response to this unprecedented crisis was to initiate the "New Deal" - a series of economic measures designed to alleviate the worst effects of the depression, reinvigorate the economy, and restore the confidence of the American people in their banks and other key institutions. While the New Deal did much to lessen the worst affects of the Great Depression, its measures were not sweeping enough to restore the nation to full employment. Critics of FDR's policies, on both the right and the left, use this fact as a reason to condemn it. Conservatives argue, for example, that it went too far, and brought too much government intervention in the economy, while those on the left argue that it did not go far enough, and that in order to be truly effective, the Roosevelt Administration should have engaged in a far more comprehensive program of dire