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7.02: Evaluate the extent to which New Deal programs were successful in solving the
problems of the Great Depression
The New Deal programs were instituted by President Roosevelt in his effort to overcome
the Great Depression.Its major elements consisted of reforms,recovery and relief.Relief led to
incresed public work projects and creation of a million jobs.The citizens were enrolled to new
government agencies like the Work Progress Admistration and the Civilian Conservation
Corps.The ideology behind this was that if the provate sector does not provide adequate job
opportunities then the government should.
In terms of reforms,the New Deal was commited to provide a security measure to
individual citizens to protect them against the uncertainity in the market.The government took up
the responsibility of protecting bank deposits hence ending the tendency of bank runs.There was
a clear definition and monitoring of stock abuse hence preventing future collapses.There was
also signifcant expansion of the social security system and the federal government took total
control of the econony.The two elemens of the New Deal Programs worked effectively and
accelerated the process of recovery from the Great Depression.
However,the recovery aspect lagged behind due to great opposition from Roosevelts
political foes.The success of recovery was minimal in both short-term and long-term view but
not enough to end the great depression.Despite the immense effort by Roosevelt ,the country
continued to experiece low economic growth and high uneployment rates.The New Deal cost the
country massive spending increasing its financial woes.It is the 2nd world War that saved the
country from its unemploymet woes and financial crisis.Nevertheless...