Did the New Deal Policies Bolster U.S. Economy?

Topics: United States, National Recovery Administration, Franklin D. Roosevelt Pages: 2 (738 words) Published: May 10, 2011
The New Deal Essay, Research Paper
New Deal Essay
Some people argue that theforward thinking policies of the New Deal did not radically alter U.S business,but instead conserved and protected it. This statement is extremely valid. Roosevelt developed his New Deal policies to help to bolster Americaneconomy not to reshape the capitalistic economy that America had adoptedhundreds of years ago. Rooseveltbelieved, however, in very active government interaction and in some casesintervention with big business. Roosevelt believed so heavily in the government getting involved withthe economy in order to assist the average American, the forgotten people, thathe created associations and organizations that got the United States governmentinvolved in industry and utilities. This was criticized by some as being socialist, but in fact Rooseveltjust wanted to offer up fair competition in order to help many Americans. Despite somewhat putting the government snose where some felt it did not belong the New Deal as devised by Roosevelthelped to conserve and protect the ideal American economy and not change itdespite its horrible depression. TheTennessee Valley Authority, or TVA, is a prime example of extreme governmentintervention in business but in no means altering the way business was carriedout it merely offered competition to private businesses and in turn helped thepeople. The TVA was so influential andhelpful it has carried over to this day from the days of the New Deal. TheTVA was an organization set up by the Roosevelt administration as part of theNew Deal. The TVA was created to damthe Tennessee River, thus bringing hydroelectric power to the Tennessee Valleyarea. This area was a large farmingcommunity but without electricity the farmers were unable to make a living andthe area became completely destitute. TheTVA s goal was to give the people cheaper hydroelectric power than the privatemulti-million dollar electric corporations. The organization was highly criticized by...
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