The great depression affected the global economies and necessary economic policies were required to salvage economies from failure. In the United States, president Roosevelt established the “New Deal” strategy that caused the economy of the country to recover successfully. The president established several strategies which promoted the recovery of the economy. Therefore, the “New Deal” strategy that was developed by Roosevelt is an important aspect that was developed and implemented during the great depression.
The “Great Depression”
The great recession was a global economic recession that was experienced in the early 1930’s. The great depression was caused by crash in the stock market in the United States and other countries in 1929. The great depression affected the economy of the United States by causing massive unemployment, decline in the living standards of the people and psychological despair (Oakes, para, 1).
The Franklin Roosevelt’s “New Deal”
The “New Deal” that was developed by Franklin Roosevelt was a set of strategies that were established by the federal government to salvage the American economy from failure after the great depression. The deal also aimed at promoting the welfare of the people after their economic status had been affected by the depression that was experienced during that time. The goal of the new deal was to establish change in the economy by developing structures that would reverse the effects of the great depression (Oakes et al p. 84). Roosevelt attempted to achieve the new deal by talking to the people about how they could handle the depression without fear. He also sought assistance from experts to advice on the best policies of solving the crisis. He facilitated the development of strategies of promoting the economic status through the new deal. Programs such as NIRA and AAA, FERA and the CWA were established to support the people economically. Social Security as well as the WPA program are some of the pieces of legislation that were a product of the new deal (Oakes, para, 5).
The WPA interviews and the Depression era
The WPA interviews provide an overview of the situation that was experienced during the great depression. the interviews show that the economy of the United States was seriously affected by the great depression. in addition, Roosevelt has been identified as a great leader who reclaimed the economy from the great depression. he established the “New Deal” strategy which caused a lot of success towards achieving economic recovery. I find the information provided in the WPA interviews to be credible because it explains clearly the occurrence, effects and solutions that were developed to solve the problems caused by the great depression (Oakes, para, 5).
The New Deal and Roosevelt’s presidency
The New Deal was an effective response to the great depression because it was after the implementation of the strategies of the New Deal that the economy was salvaged from failure. The welfare of the people was improved after Roosevelt developed the strategy and the country was able to recover from the effects of the great depression. The most important legacy of Roosevelt and his presidency was the salvation the America economy from the great depression. he is remembered for establishing good policies which were necessary for saving the economy from the great depression (Oakes, para, 6).
In conclusion, the “New Deal” strategy that was developed by Roosevelt is an important aspect that was developed and implemented during the great depression. the welfare of the people became better after the introduction of the new deal. Roosevelt used experts to develop and implement his policies. He also encouraged the people to participate in the implementation of the policies of saving the economy from the great depression.