History 8UT Essay Example | Topics and Well Written Essays - 1000 words

History 8UT - Essay ExampleOne of the policies was measures taken to resort the collapsing banking industry. prexy Roosevelt introduced a banking holiday, as well as Emergency Banking Relief bill, which sought to give service to private bankers so that they can revitalize their businesses. This measure ensueed to an increase in bank deposits by the Americans at the time, who had withdrawn all their savings during the Great Depression. Additionally, it gave rise to rich private banks as a result of this booming business.Another policy that favored capitalism was the introduction of acts of the federal government such as the National Industrial Recovery Act and the uncouth Adjustment Act. These policies sought to revive the dying industries by providing government assistance creating an environment in which businesses could thrive. The effect of this was that it gave rise to large businesses, which dominated specific industries at the expense of the smaller enterprises.The radica l Deal domestic program was favored by the majority of farmers, functional class as well as the black community in the nation. In efforts to revive the economy, President Roosevelt sought to introduce policies that provided government assistance to those in need during the Great Depression. Those most affected by the Great Depression were these groups of people and, therefore, Roosevelts policies significantly favored them hence the overwhelming support (Ayers, 2009).The New Deal introduced a number of polices that favored these groups of people. Effects of the Great Depression in 1929 necessitated these special programs so as to address the economic crisis that the nation was facing at that time. The farmers for instance, got reprieve through the formulation of the Tennessee vale Authority which was given the mandate to address issues such as irrigation, flood control and manufacture of fertilizer. The Agricultural Adjustment Act also helped a number of farmers by providing govern ment