How, and with what success, did the United States government try to solve the problems caused by the Great Depression?

OUTLINE:

1) Thesis: The New Deal was successful in lessening the negative effects of the economic decline during the 1930's by instituting some new acts and administrations into the government, such administrations were the FDIC and the Securities Exchange Commission. HOwever the New Deal was not the reason the Great Depression ended in america, it didn't completely solve all of the economic problems it was ultimately the approaching WWII that ended the recession. Apart from this the New Deal also had some flaws such as the NRA and what lost so many peoples support for FDR and the new deal was his decision to pack the court.

2) FDIC: Federal Deposit Insurance Corporation
-This was created by the Glass-Steagall Act
-Regulated irresponsible speculation by banks.
-Formed by Congress to insure deposits up to $2500.

Successful, people were depositing in banks more because they knew they would get their money back if the bank failed.

3) The Securities Exchange Commission:
-Regulated the Stock Market
-Prevented people with insider info from using it to minipulate the market for a personal profit.

Effective! Restored confidence in the Stock Market. And helped bring it back out of the crash.

4) NRA:
-Established codes of fair practice
- limited production and established prices.
-Set the prices of many products to ensure fair competition.

Not so successful. As businesses got concessions, workers then sought them as well. (Wagner Act).
Businesses and politicians critical because of too much government control of free market. Later ruled unconstitutional by Supreme Court.

5) Conclusion