New Deal Great depression.
Call Now 866-944-2857, Talk Live to a Psychic.
New Deal Great Depression Quotes:
A day of worry is more exhausting than a day of work. By John Lubbock Find out about New Deal Great Depression
Obama and the 2009 New Deal Policy
There’s been a significant amount of “chatter” suggesting President Barak Obama will implement the spirit of the New Deal policies of President Franklin Delano Roosevelt (FDR) in combating the economic downturn that we are currently experiencing.
As of today, corporate America has a black eye resulting from the corruption that was recently exposed. However, it goes without saying that the corruption was precipitated by government programs instituted many years ago that set the foundation for loose credit and investment practices that led to the economic problems we face today.
So, in a nutshell, both government and business are to blame, but is a New Deal along the lines of FDR’s social policy really the way to go?
Throughout his administration, FDR imposed high taxation on wealthy individuals and corporations, which inhibited virtually any ability for businesses to expand or even operate in certain cases. Additionally, when it came to the free market economy, FDR felt the need to impose strong wage and consumer price controls on businesses.
The National Recovery Administration (NRA) was set in place to force businesses to comply with certain wage standards and maintained a very pro union labor stance. Union labor wages increased, however reduced production output as a result of companies having to scale back their workforce in order to keep their business solvent. Workers were asked to do more with less and labor strikes became fairly popular, but businesses had limited options.
The NRA went so far as to dictate to companies what to charge for certain consumer goods which legally had to be adhered to and were strictly enforced.
For example, if a business could sell a widget for $10.00 and make a profit, but the government felt that the sale price of the widget should be $15.00, the business had to abide by the government price standard. This obliterated competition and held prices higher than what they could have been while burdening individual consumers.
As an adjunct to the NRA the Agricultural Adjustment Administration (AAA) was enacted. The act provided subsidies to farmers to actually reduce crop output despite the fact that many people were unemployed and hungry. Within a year the U.S. Supreme Court ruled this act to be unconstitutional.
Unemployment remained a constant problem throughout the period. To offset this, the government developed “make work” programs such as the Works Progress Administration (WPA) and the Civilian Conservation Corp (CCC).
Yet, the WPA who was committed to infrastructure building of roads and government buildings, met with lackluster success; experiencing schedule delays and cost overruns due to a lack of incentive on the part of the work force. If a project ran over budget or schedule there were no grounds for penalty because the government could not penalize itself on one of its own projects.
Consequently, workers of the WPA came to be known as the “We-Putter-Around” group. They received a “security wage”, meaning that regardless of their level of production or quality of work, they would be guaranteed a certain dollar amount at the end of the day.
The CCC faired no better in that while keeping young men busy draining lakes, building trails in national forests, and soil mitigation projects, their work created no demand on the manufacturing sector. It was simply work to keep them busy and earn enough money to survive.
With the onset and conclusion of WWII the economy underwent a drastic upswing resulting from the manufacturing demand that the war created. Government began to fade into the background due to a perceived lack of need on the part of society. Businesses re-tooled their lines to produce consumer goods, coupled with the technological advances that the war also created, and the economy took off like a rocket.
In retrospect, government intervention was needed at the beginning of the Great Depression as the population was shell shocked in facing such a rapid decline. However, long term and as the government demonstrated, it could take the economy only so far and at some point had to turn operating control back over to business to manage effectively.
The anti-business philosophy and policies of FDR did not help matters when it came to attaining full economic recovery, but only prolonged it by suppressing the ability of companies to effectively manage their operations. The government led effort did keep the heartbeat of the economy going on some level, but despite the make work programs unemployment still averaged 16% and in some periods reaching as high as 28%.
The state of the economy was persistently troubled, however more troubling was the stubbornness of the FDR administration. The notion being that government has to “rule over” rather than “partner with” business who, consequently were in a better position to advance the economy after the initial government stimulus.
Knowing what we know about the Great Depression, the Obama administration has a golden opportunity to demonstrate some original thought and action.
He will need to acknowledge that government and business made some mistakes which led to our current situation and that furthermore, government remains only a short term solution and that at some point will relinquish control of the economy back to business.
This message would acknowledge our present situation, renew faith in our future, and most importantly diminish any ideas of having to live under a permanent authoritarian government rule.
By the way this message needs to be in writing – “So, President Obama, what’s in the stimulus package for 2009?”
About the Author
Eric Kaad is a Political Enthusiast favoring independent thought as featured on http://www.averagejoeknows.blogspot.com
 |
 NEW DEAL FOR ARTISTS DVD Great Depression Documentary  US $79.95
|
 Great Depression and New Deal Primary Source Hanes US $40.00
|
 Great Depression and New Deal Almanac Hanes US $45.00
|
Catchy "hook" for intro about the Great Depression/new deal?
I'm writing an essay, and for my intro. I need some sort of catchy "hook" to fascinate my reader.
I'm really bad at that!
Any suggestions? my essay quesiton is: In what ways did the National Recovery Administration help alleviate the Great Depression?
Obviously I'll need some background about the roaring 20's, great depression, new deal...
but i just need that 'hook'!
The Great Depression: Working back.after the boom turned to bust.
Get additional videos about New Deal Great Depression
The New Deal
 |
Dust Bowl Ballads List Price: $7.99 Sale Price: $29.43 Used From: $5.24  |
|
All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed. |
 |
Songs for the New Depression List Price: $9.98 Sale Price: $99.99 Used From: $27.98 |
 |
Songs of the Depression: Boom, Bust & The New Deal List Price: $170.49 Sale Price: $127.41 Used From: $197.18 |
|
All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed. |
 |
LED Technologies DPL Nuve Handheld Light Therapy Device List Price: $179.99 Sale Price: $119.99 |
|
DPL Nuve Handheld Light therapy - LED light therapy helps ease muscle and joint pain in just minutes a day! Amazing handheld LED light therapy penetrates deep into skin tissue, going right to the source to help relieve minor muscle aches, joint pain and stiffness... |
 |
Monopoly List Price: $18.99 Sale Price: $10.95 Used From: $13.04 |
|
In 1934, in the midst of the Great Depression, an unemployed heating engineer from Pennsylvania created the game of Monopoly. Realizing that his get-rich theme might appeal to other Americans, he had the game printed and distributed in a Philadelphia department store... |
 |
Photo Jigsaw Puzzle of NEW DEAL C.C.C. CAMP. World War I veterans, many in suits, are boarding a bus from Granger Art on Demand Sale Price: $24.99 |
|
Photo Puzzle, NEW DEAL C.C.C. CAMP. World War I veterans, many in suits, are boarding a bus. NEW DEAL C.C.C. CAMP. World War I veterans, many in suits, are boarding a bus for dollar-a-day jobs at a governments reforestation camp at Fort Slocum, New York, 1940... |
Posted in 
Tags: 
most pages on this blog are usefull to me
bookmarked it! keep it going, good job