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Roosevelt’s New Deal
Roosevelt’s New Deal
The New Deal was a double-edged sword, a necessary evil, if you will. It both helped and hurt America and her people.
FDR outlined his New Deal in a Fireside chat on Sunday, May 7, 1933. Trade and commerce were in decline. Over production of crops and goods continued, while demand for exports fell. This lethal combination had led to a nose dive in the prices of basic commodities which led inevitably to farms and factories losing money, and a banking crisis earmarked by mortgage foreclosures, banks calling loans and refusing to issue new ones, and a catastrophic loss of spiritual values and human spirit.
The newly inaugurated President Roosevelt responded with the three R‘s of relief, recovery and reform. Debt relief and the sale of beer were intended to relieve the monetary distress of farmers, factory workers and home owners, raise employment...
Roosevelt’s New Deal
The New Deal was a double-edged sword, a necessary evil, if you will. It both helped and hurt America and her people.
FDR outlined his New Deal in a Fireside chat on Sunday, May 7, 1933. Trade and commerce were in decline. Over production of crops and goods continued, while demand for exports fell. This lethal combination had led to a nose dive in the prices of basic commodities which led inevitably to farms and factories losing money, and a banking crisis earmarked by mortgage foreclosures, banks calling loans and refusing to issue new ones, and a catastrophic loss of spiritual values and human spirit.
The newly inaugurated President Roosevelt responded with the three R‘s of relief, recovery and reform. Debt relief and the sale of beer were intended to relieve the monetary distress of farmers, factory workers and home owners, raise employment...
Posted by: Gina Allred
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