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The New Deal
Title: The New Deal
Category: History
Details: Words: 872 | Pages: 3.7 (approximately 235 words/page)
The New Deal
During the 1930's, America witnessed a breakdown of the Democratic and
free enterprise system as the US fell into the worst depression in history.
The economic depression that beset the United States and other countries
was unique in its severity and its consequences. At the depth of the
depression, in 1933, one American worker in every four was out of a job. The great
industrial slump continued throughout the 1930's, shaking the foundations of Western
capitalism. …showed first 75 words of 872 total…
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…showed last 75 words of 872 total…erupted in September 1939. Causing an enormous growth in the
economy as war goods were
once again in great demand. No major New Deal legislation was enacted after
1938.
The Depression was a devastating event in America, and by regulating banks
and the stock
market the New Deal eliminated the dubious financial practices that had
helped precipitate the
Great Depression. However, Roosevelt's chief fiscal tool, deficit spending,
proved to be ineffective
in averting downturns in the economy.
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