New Deal

Casandra Crawford HIST 137-02 The New Deal By March 4, 1933, when Roosevelt was inaugurated at the age of 51, the economic situation was desperate. Between 13 and 15 million Americans were unemployed. Between 1 and 2 million people were wandering about the country looking for jobs. Panic-stricken people hoping to rescue their deposits had forced 38 states to close their banks. From the beginning, Roosevelt tried to restore popular confidence. He added that he would not stand by and watch the Depression …

…The second measure, the Wagner Act, set up the National Labor Relations Board (NLRB), The third reform was social security. The law provided for federal payment of old-age pensions and for federal-state cooperation in support of unemployment compensation and relief of the needy blind, of the disabled, and of dependent children. Roosevelt, a practical political leader and a moderate in economics, helped preserve capitalism without significantly correcting its abuses or ending the Depression. ------------------------------------------------------------------------ **Bibliography**