The New Deal

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by Mashton32
Last updated 3 years ago

Discipline:
Social Studies
Subject:
Economics
Grade:
11

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The New Deal

In what ways did these events demonstrate the strengths and/ or weaknesses of capitalism?The Schechter case shows the strength in capitalism by showing that the president can't have complete control over everything. It shows that some of the New Deals were stopped to allow for capitalism. The case of US vs Butler shows strength in the New Deal's ability to help people and provide for them what they need, while helping the economy back on it's feet.

The ultimate result of these programs:At the time, these programs provided people with jobs at a time when it appeared there was no form of employment. These programs created long term jobs, For example, pertaining to Social Security. The Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commision (SEC), and the National Labor Relation Board (NLRB) are a few of the New Deal programs that have remained to this day from the 1930s.

How the New Deal programs were designed to influence capitalism:'' The New Deal tried to frame institutions to protect capitalism from major business cycles and began in an unclear sort of way to underwrite continuous economic growth and sustained profits, there was no significant leveling by taxes. the proportionate distribution of wealth remained. Because of tax policies, even relief expenditures were disguised subsidies to corporations, since they were in large part paid by future taxes on individual salaries or on consumer goods. Thus, instead of higher wages creating a market, at the short-term expense of profits, the government subsidized the businessman, without taking the cost out of his hide as he expected and feared.''- noted author Paul Conkin.

What supreme court decisions occured during the great depression and New Deal that prevented further government involvementin the U.S capitalist economy?Schechter vs US (1935):The Supreme Court held that the live poultry code was unconstitutional and that the conviction of Schechter must be overturned. First the court found that the president lacked the power to write the code. The US Constituion, Article 1, states that all legislative powers is to be vested in the Congress. Article 1 is violated if congress grants an exclusive legislative power to the president, The NIRA allowed the president to write new codes, such as the poultry code, so long as they regulated ''unfair competition''. United States vs Butler:Congress has the power to tax the processing of agricultural products. Congress also has the power to use public funds to aid farmers, especially since the country was in the midst of a depression. Furthermore, Congress can limit those payments to only the farmers that reduce their crop production. There is no basis to make the Act unconstitutional becasue farmers have to promise to reduce their production.

Work Cited:http://www.fun-facts.org.uk/american-presidents/franklin-d-roosevelt.htmhttps://prezi.com/rhkfedojiqku/the-great-depression-and-the-new-deal/http://www.greatcleanjokes.com/jokes/fun-stuff/funny-riddles/

Why they were controversial/ what arguments were present in support and against these programs:Scholars tend to view the Depression and New Deal differently depending on their own ideological perspective. For example, Conservative historians place a high value on the ideal of laissez-faire. Thus, the Depression was simply a painful, but necessary market correction. To conservatives, small government means maximum freedom; therefore, the New Deal means the beginning of an irresponsible and/or over regulatory welfare state. Another example, Liberal historians believe the Depression represents the failure of laissez-fiare, but not capitalism itselt. Liberals value capitalism and democracy, asserting that democratic governments must be responsive to the social needs of the people. For many liberals the New Deal shows the empowerment of previously powerless groups and lays the foundation for a humane welfare state.

The New Deal

Fun Riddles becuase sometimes life and laughter are just more important than school projects:What has a face and two hands but no body?What word becomes shorter when you add two letters to it?Two children are born on the same day from the same mother but they are not twins. How is that possible?If you were running a race, and you passed the person in 2nd place, what place would you be in now?So Joe was once again caught lying to his teacher, and his teacher Mr. Rogers had enough. “Come here Joe” he said. “Here is your punishment, I want you to make a statement, if it’s true you get detention, if it’s false you get suspended.” Q. What did the Joe say that caused him not to get punished at all?What goes up but never goes down?(hint: applies to everyone but Benjamin Button)

Fun Fact:Franklin D. Roosevelt was the first president to have his own airplane


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