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  • Essay / Franklin D. Roosevelt and the New Deal - 964

    Midterm Pt. II: EssayThe New DealAmbitious because of his suffering from polio, President Franklin D. Roosevelt was determined to make major changes, as was his uncle, Theodore Roosevelt, had done so years before. After the stock market crash of 1929, his famous "New Deal" brought changes to the nation that seemed to reduce the stress of the collapse, easing the strains it placed on the American people. Roosevelt's reform initiated the separation of banks into two sectors, commercial banks and investment banks. With these new changes, the FDIC, also known as the Federal Deposit Insurance Corporation, insured an investor's deposit and still exists today. Many changes don't seem as complex at first glance when reading them, but creating them required critical thinking. Whether one chooses to agree with Roosevelt's "New Deal" or not, it is clear that his mission had such an impact on our nation that it largely laid the foundation for financial and social programs 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 sustaining America throughout the 20th and 21st centuries. He gave the U.S. government much more power by calling for "massive government intervention in the economy," leading people to view the government as their new savior. In the information provided, Treasury Secretary Henry Morgenthau had said, "We are spending more than ever," referring to Roosevelt's plan as failing to serve its purpose and making matters worse (Madaras. 9). On the face of it, federally funded programs cause us to witness and participate in a...... middle of paper ......r intentional ethical wrongdoing surface in court to protect specific interests. [1] Madaras, Larry, SoRelle, James, M., Ed., Taking Sides: Contrasting Viewpoints in United States History, Vol. 2, Reconstruction to the Present, (New York, McGraw Hill, 2011). P.253.[2] Madaras, James, P. 245.[3] Madaras, James, P. 242.[4] Madaras, Jacques, 242.[5] Chafe, William, H., The Rise and Fall of the American Century: The United States from 1890-2009 (New York: Oxford University Press, 2009), 94.[6] Friction, 92.[7] Madaras, Jacques, 249.[8] Madaras, Jacques, 251.[9] Madaras, Jacques, 246.[10] Madaras, Jacques, 241.[11] "The Legacy of the Progressive Era: FDR's New Deal - Explore the Networks." The Legacy of the Progressive Era: FDR's New Deal - Discover the networks. Np, and Web. April 1, 2014.[12] “USA Patriot Act.” Investopedia. Np, nd Web. April 1. 2014.