Why did fdr establish a bank holiday

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Reference no: EM132024951

NEW DEAL PRIMARY DOCUMENT READER

Questions:

1. Why did FDR establish a bank holiday? For what purpose did this serve the American public, or is it perceived as a hindrance to businesses and personal needs of the nation's citizens?

2. What does the president say to reassure faith in the banking system to the public? To which citizens, considering politics and social/economic motivators, would he appear the more convincing? Who might his critiques be? Explain.

3. Examining the second source, consider and evaluate the president's words when discussing his justification for the Public Works Project: "Demoralization caused by vast unemployment is our greatest extravagance." In relation to his address to the American public, what issues does he try to address and how does he intend to defend his economic policies against accusations of fiscal and material waste?

What accusations does he make against his conservative critiques? Evaluate his response, are the dangers he presents to the public realistic given the state of the economy at that time? Explain.

4. After reading the State of the Union Address from January, 1941, what crisis, according to FDR, most threatened the security of the nation? From what you have read from the text, how popular were his words to Congress? Explain the reasons for this and analyze what strategy had he already established in lieu of the rise of global instability at that time.

Historians debate how effective the New Deal was at economically, socially, and politically restoring America. Liberal economists argue that America was facing a political collapse by 1932 that was the worst since the Civil War.

Without taking such measures, unemployment would have increased and a worker's revolution was plausible. The increased spending decreased unemployment, increased productivity, and forged a new role for the government that increased its level of responsibility to its citizens in a manner that many New Deal historians view as a new form of democracy promoting the social welfare of every citizen.

Critiques of the New Deal view such measures as wasteful and even socialist. Historians of this side of the debate argue that FDR's policies, while well intended, did not end the Depression and did not stimulate the private sector.

This side also argues that increased spending further weakened the nation by increasing the deficit and the expansion of federal programs created a dependency on the government that curbed productivity and weakened individual business owners control of their own enterprises.

Your task is, using the documents provided, take one of the two sides of the New Deal and debate your point of view with your interpretation of the sources. To do so, your midterm must:

1) Address all documents in the course content reader

2) Take into account both sides of the argument

3) Contain a clear and defensible thesis (not your opinion)

4) Be of a 4-5 pages double spaced

5) Contain a work cited page and also have documentation throughout the body section of your analysis

Attachment:- NEW DEAL.rar

Reference no: EM132024951

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