The New Deal in the United States was a set of programs, infrastructure projects, economic changes, and legislation initiated by President Franklin D. Roosevelt to create financial support and solve manufacturing, agriculture, water supply, and employment problems. The most important task was to save and stabilize the US financial system. The New Deal’s main result was the establishment of the standard of the national government as the central part of the socio-economic life of society. The program was aimed at helping people, providing jobs for those who wanted to work, and relieving the elderly and disabled from the burden. The Roosevelt program aimed to avoid previous problems and improve the economic situation.
However, despite the New Deal’s positive aspirations, it only contributed to an increase in the unemployment rate and did not give significant improvements to African-American society. This program left race relations in America at that time almost entirely intact (Ferguson, 2020). The extent to which the Negroes were affected by poverty and that the Democratic government, with the help of the social charity, sought to penetrate deeper into the Negro community. The passivity and spinelessness of the New Deal on the racial issue were clearly shown in the administration’s attitude to attempts to pass a law against lynching.
Thus, the implementation of the “new deal for the forgotten man” denied market automatism and recognized the need for active state intervention in the sphere of economic relations. Such active government intervention in economic life allowed the United States to overcome the crisis. For the first time in the history of a country with a developed market economy, state regulation played a significant role in overcoming the economic crisis.
Reference
Ferguson, T. (2020). Industrial conflict and the coming of the new deal: the triumph of multinational liberalism in America. In the rise and fall of the new deal order, 1930-1980, Princeton University Press, 3-31. Web.