History US Essay Example | Topics and Well Written Essays - 500 words

History US - Essay Exampleto world power status.The New Deal provided numerous economic programs that stabilized the parsimony through giving support in banking and finance, un physical exertion, and agriculture. In banking and finance, President Franklin D. Roosevelt offered significant credit facilities to industry and agriculture. The federal official Deposit Insurance Corporation (FDIC) also insured savings-bank deposits up to $5,000. Moreover, to reduce unemployment that affected 13 zillion Americans, Roosevelt created job-stimulating programs. The Civilian Conservation Corps (CCC) was a program that gave mostly conservation jobs to young men among 18 and 25 years of age (IIP Digital, 2008). The Public Works Administration (PWA) gave employment to skilled saying workers for different medium- to large-sized projects, among other programs (IIP Digital, 2008). In addition, to improve agricultural revenues, the Congress passed the Agricultural Adjustment Act (AAA) in 1933. It ga ve economic relief to farmers by increasing crop prices through paying farmers a subsidy to return them for deliberate cutbacks in production (IIP Digital, 2008). Despite these job and financial programs, the New Deal did not have-to doe with the Gross National Product (GNP), consumption levels, and employment rates to pre-Depression years (West, n.d.).World War II created complete economic recovery because of greater federal spending that improved employment rates two for men and women and for whites and colored plurality. Military spending by the federal government jump-started the economy, increasing GNP, consumption levels, and employment rates more than the New Deal did. By 1943, Californias aircraft and shipbuilding industries hired 243,000 and 280,000 people correspondingly, and tenners of thousands worked in plants in Pacific Northwest (West, n.d.). In Seattle, the Boeing Companys sales of aircraft in 1944 reached ten times that of the total citys industries five years before (West, n.d.). With bustling