The New Deal, the Depression, and President Franklin Delano Roosevelt
Essay title: The New Deal, the Depression, and President Franklin Delano Roosevelt
David M. KennedyвЂ™s essay, вЂњFDR: Advocate for the American PeopleвЂќ and Robert Higgs essay, вЂњFDR: opportunistic Architect of Big GovernmentвЂќ discuss Franklin Delano Roosevelt and the New Deal policy. Their view points are different. David Kennedy describes FDR as a powerful leader, whereas Robert Higgs purely expresses on his distaste for the president. Kennedy is more convincing because he used hard core evidence and thoroughly explains the New deal and its results.
In 1932, the American People wanted an economic change so they elected a new leader, Franklin Delano Roosevelt. He won the election of 1932 against Herbert Hoover and began implementing the New Deal. The New Deal was RooseveltвЂ™s first phase in his вЂњtry somethingвЂќ philosophy. (Higgs, 220). RooseveltвЂ™s New Deal had three aims: recovery from the depression, relief for its victims, and the reform of the economic system. вЂњ The New Deal established the first federal minimum wage, the first government system of unemployment compensation, the first system of old age pensions(social security), the first protections for labor unions, the first regulatory agency for the stocks and bonds( the Securities and Exchange commission) and host of other institutionsвЂќ (Hoffman and GJerde, 193). The New Deal, rewrote the role of the government which held them responsible for the health of the economy and the general social welfare. The provided those less fortunate with hospitals, roads, schools, and financial stability because it gave over two million people with jobs. вЂњUnemployment and its close companion, reduced wages, and were the most obvious and the most wounding of all the Depression effects.вЂќ (Kennedy, 212) Over nine million civilians were still without jobs. The New Deal saved capitalism, which is an economic system of free enterprise.
KennedyвЂ™s essay was based on facts