interpretations 7 - Samantha Knotek In terpretations...

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Samantha Knotek 2/22/11 Interpretations Chapter 7 William E. Leuchtenburg started his essay by discussing how many historians feel that the New deal was a failure. He begins with different perspectives discussing the New Deal and the Roosevelt Administration. But he begins to discuss how the government intervened in the economy in so may ways, that many positives came out of the New Deal. There were many Acts and Laws set up that established control over the nation’s money. Central Banking was established, this was something that most industrial nations did not have at this time. Unions were organized and the rights of workers increased; this meant increased wages, reduced hours, greater job security, and protection against punishment. There was also an increase in working conditions and there was also the establishment of the pension plan. The New Deal also established many opportunities for work for the unemployed and students; these jobs would be in establishments like museums, parks, libraries, or laboratories. Leuchtenburg established the many successes of the New Deal and hoped to establish a happy medium between the successes and the failures.
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