yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

What few people know about the program that "saved" America - Meg Jacobs


4m read
·Nov 8, 2024

In 1932, the Great Depression entered its third winter. One in four Americans was unemployed, marking the highest unemployment rate in the country’s history. Tens of thousands had lost their homes and life savings, and there was very little confidence that Republican President Herbert Hoover could turn things around. So when the election came, voters flocked to his Democratic competitor.

Franklin D. Roosevelt promised a New Deal for Americans—a comprehensive set of legislation to support struggling citizens and put the country back to work. The massive federal intervention Roosevelt proposed was a radical challenge to the individualist ideals that governed many Americans’ lives. But due to the extreme circumstances, he began his presidency with public and political support.

With the help of his advisers, Roosevelt’s first hundred days in office were perhaps the most eventful of any US president. In just over three months, he pushed over 15 bills through Congress and created an “alphabet soup” of government agencies to help farmers, workers, and businesses. The New Deal’s first priority was stabilizing the banks.

Over the previous three years, many Americans had withdrawn their savings out of fear the bank would lose their money in bad investments. So, to regain the public's confidence, FDR increased federal oversight of commercial banks and created bank insurance to guarantee that any deposited funds would always be available.

Next, he established the Federal Emergency Relief Administration. FERA cataloged each state’s need for relief and provided funds to help citizens afford groceries, rent, clothing, coal, and other necessities. Meanwhile, the Agricultural Adjustment Administration subsidized farmers and educated them in improving planting techniques.

These policies fed and housed thousands, but they didn’t significantly address the New Deal’s biggest promise: reducing unemployment. So the Civilian Conservation Corps was established to employ over 250,000 young men for projects like tree planting, irrigation, and fire prevention. The CCC offered onsite work camps that provided food, shelter, and education to those employed; mostly young, single men with families in need of relief.

Subsequent programs like the Works Progress Administration and the Tennessee Valley Authority added projects building roads, bridges, and hydroelectric dams. The WPA also funded art, writing, and theater programs. These initiatives cut civilian unemployment in half. And they did so alongside labor acts that abolished child labor, granted unions the right to collective bargaining, and set the first national minimum wage.

Benefits were also created to help those unable to work. The Social Security Act established an old-age pension system in addition to unemployment insurance, disability benefits, and welfare assistance. But despite these sweeping policies, the New Deal helped some groups more than others. Black Americans were hit hardest by the economic downturn, and the New Deal’s impact on Black communities varied widely.

In northern cities like Chicago, Black citizens received a large share of jobs, vocational training, and education, with New Deal programs teaching more than one million Black Americans to read. Northern Black communities also received an influx of public housing, though it was heavily segregated. In the South, results were less positive.

Roosevelt relied heavily on the support of Southern Democrats, who welcomed economic development but fought to preserve white supremacy. They ensured that new labor laws excluded domestic servants and agricultural workers, occupations held by many Black Americans. These politicians and many others also undermined Eleanor Roosevelt’s attempts to push her husband toward supporting a federal anti-lynching law.

As a result, the New Deal has often been called a “raw deal” for Black communities. And many modern inequities in housing, employment, and financial stability are partially due to New Deal programs prioritizing white Americans. In these ways and more, the New Deal didn’t fully live up to its promises.

Despite employing over 8 million Americans, unemployment never went lower than 14%. And the US economy wouldn’t fully recover until the country’s mobilization for World War II. But this bold campaign of progressive policies did empower unions to start their own revolution.

In the coming decades, northern liberals, Black Americans, and other working minorities united to fight discriminatory hiring. In the process, they reshaped the Democratic Party; challenging its racist leadership, and laying the groundwork for an emerging civil rights coalition.

More Articles

View All
Seek Wealth, Not Money or Status
You probably known evolved from his Twitter account, and we’re gonna be talking about his epic tweets storm on how to get rich without getting lucky. We’re going to go through most of the tweets in detail, giving the ball a chance to expand on them and ju…
The Lighthouse Keeper | Khaffeine, an audio journey by Khan Academy
[Music] You wake to the sound of crashing waves swelling and breaking against the breakwaters outside your home. They have a rhythm to them, a rhythm you’ve grown accustomed to like a heartbeat. They build, swell and crash, build, swell and crash again an…
Pitch Practice with FlavorCloud, Holly Liu, and Adora Cheung
So the next thing we’re going to do is bring up Flavor Cloud, who is going to pitch Holly, who is the investor here, and then go from there. Yep, so I guess we’re gonna be sharing. Sorry, so I’m gonna be an angel investor, and I’ve done some angel investi…
Akashinga: The Brave Ones | National Geographic
So foreign, today we are expecting 500 results that are coming in from 500. He wants 822 graduates. This training is going to be hard, but I know these ladies. They are strong ladies. As we are coming here, everyone—we know we are coming here for training…
Michelle Carter gives tips for keeping children active & healthy during Covid-19 | Homeroom with Sal
Hello, welcome to the daily homeroom. Sal Khan here from Khan Academy. For those of you, for those of you, uh, that this is the first time you’re joining, this is something that we’re doing on a daily basis so that we all feel connected in this time of sc…
It’s Over: The Middle Class Is Disappearing
What’s me guys? It’s Graham here. Apparently, the middle class is quickly disappearing at an alarming rate. In fact, the situation is getting so dire that less than a year ago, Fortune stated that the middle class is bracing for its next financial blow. A…