"When the New Deal was over, capitalism remained intact. The rich still controlled the nation's wealth, as well as its laws, courts, police, newspaper, churches, colleges. Enough help had been given to enough people to make Roosevelt a hero to millions, but the same system that had brought depression and crisis - the system of waste, inequality, of concern for profit over human need - remained." -- Howard Zinn, historian, A People's History of the United States, 1999

"Most of Roosevelt's solutions did little. The public hoopla of 'job programs' barely dented unemployment numbers, which still stood at 12.5% in 1939, or ten times what they had been under Coolidge... Did FDR do anything right? Yes. By taking the United States off the gold standard, he saved what was left of the banking system. But as they say, even a blind squirrel finds a nut once in a while." - Larry Schweikart, historian, 48 Liberal Lies About American History, 2008

Using the excerpts above, answer a,b, and c.

A) Briefly explain one specific development that occurred as an effect of Roosevelt's presidency that would support Zinn's point of view.
B) Briefly explain one specific development that occurred as an effect of Roosevelt's presidency that would support Scheikart's point of view.
C) Briefly explain one criticism of the New Deal by a contemporary of F.D.R. and discuss how that criticism relates more to Zinn or Schiekart's views.

A) During the presidency of Franklin D. Roosevelt, he established many important institutions as part of his first new deal. Examples are the Federal Emergency Relief Administration (FERA), which gave grants and loans to states to operate relief programs, the Civilian Conservation Corps (CCC), which in 9 years employed 3 million young men in manual labor jobs related to conservation and development of natural resources, the Agricultural Adjustment Administration (AAA), which by 1935 increased the income generated by farms by 50% by paying farmers subsidies to reduce crop production, to mention but a few. These are all products of FDR's new deal programmes.

B) Roosevelt Signed established the Federal Deposit Insurance Corporation (FDIC) that was signed into law on June 16, 1933. FDIC provided deposit insurance, which protects bank depositors from losses caused by a bank’s inability to pay its debts when due. It restored the trust in the American banking system.Americans still enjoy the services of the FDIC as it still operates till date.

C) A Professor at the Austrian School of economics, Thomas DiLorenzo says Roosevelt did not get the people of the United States out of the Depression or save capitalism from itself. Franklin Roosevelt's new deal programmes did not address the capitalist system that caused that brought crisis for the Americans. His programmes would have yielded more results if the problem of capitalism that favored just the rich alone was adequately addressed.

tallinn tallinn · Answer 2 · 2022-02-01T15:55:35+01:00

A) During the presidency of Franklin D. Roosevelt, he established many important institutions as an element of his first new deal.

Franklin D. Roosevelt

Examples are the Federal Emergency Relief Administration (FERA), which gave grants and loans to states to figure relief programs, the Civilian Conservation Corps (CCC), which is 9 years employed 3 million young men in Labor jobs associated with conservation and development of natural resources, the Agricultural Adjustment Administration (AAA), which by 1935 increased the income generated by farms by 50% by paying farmers subsidies to reduce crop production, to mention but some.

When These are all products of FDR's new deal programs.

B) When Roosevelt Signed established the Federal Deposit Insurance Corporation (FDIC) which was signed into law on June 16, 1933.

FDIC provided deposit insurance, which protects bank depositors from losses caused by a bank’s inability to pay its debts when due.

It restored trust within the American industry.

Americans still enjoy the services of the FDIC because it still operates up to now.

C) A Professor at the Austrian School of economics, Thomas DiLorenzo says Roosevelt didn't get the people of u. s. out of the good Depression or save capitalism from itself.

When Franklin Roosevelt's new deal programs didn't address the capitalist system that caused that brought crisis for the Americans.

Although when His programs would have yielded more results if the matter of capitalism that favored just the rich alone was adequately addressed.

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