FDR and the Great Depression

Essay submitted by Unknown

Critque the efficiency of of FDR's administration at alleviating the suffering of the great

Depression

FDR truely tried to help the people and wanted to make a change. He was mostly

successfull with his New Deal Program. Each Program helped a different part of the the

country and its people. Focusing only on some programs which were in the long list of

programs in the New Deal program, it shows that it helped. The FHA or better known as

the Federal Housing Administration helped people at that time who were in a middle

class position and wanted to build or buy a new home in a secure manner.

The adminstration was formed to insure long-term home mortgages and offered benefits

to both middle class home buyers and lending institutions from which the borrowed their

money to pay for the house. It guaranteed that loans would be secured by banks. This

helped the housing idustry so much, causing new homes to be built and vacant ones to

be inhabitted once again. Keeping this in mind there no question if it was beneficial.

Building new homes also helps the wood, paint and tool industry.

Skilled workers are needed, and unemployment goes down. This also helped the

economy, the people and the lending institutions in the long-run. The FHA was

incorporated into the new Deapartment of Housing and Urban Development also known

as HUD. The Office continued its role as mortgage guarantor and widened it area of

responsibilty to include mortgages lent to the owners of multifamily dwellings and to

public housing authorities as well as individual homeowners.

Focusing now on another program called the SSA also called the Social Security

Administration. This program is the most known program from the New Deal program

today. And we know that is was without question successfull. It secured people's

earned money so when they retire they still get money and don't starve.

It not only helps the people but also helps the government. The government takes the

money and invests it in secure investments or works with it in a different way and gets

money from the intrest of the money that the government doesn't owe.

Today the government has many problems with the social security but inspite that this

program is now 62 years old, and it must have been successfull to be still in action