Describe some of the general differences between President Roosevelt's New Deal program and President Obama's Bail-Out plan

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Social Studies

Hodge

24 October, 01:02

Describe some of the general differences between President Roosevelt's New Deal program and President Obama's Bail-Out plan

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Milagros Guerrero · Answer 1

While the New Deal Program from Roosevelt president was a series of different programs that included public work projects, and financial reforms and regulation. The Bail-Out plan of president Obama was a law created to subprime the mortgage crisis.

New Deal Program

- Its main purpose was to finish with the unemployment of 13 million people.

- Fight against the negative effects of the great depression.

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Bail-Out plan.

- This was a created to give authorization to the United States Secretary Of Treasury to spend about $700 billion for buying all those distressed assets and supply direct cash to the banks.

So as you can see the New Deal program was more of a social one, it was aimed to reduce unemployment and create a better economical atmosphere for the country with laws for the agriculture. The Bail out plan was proposed to bring liquidity to the banks.