The Great Depression and the New Deal

The Great Depression and the New Deal


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The Great Depression severely ruined and impacted many lives in our nation. It was known as the deepest and longest-lasting economic downturn in the history of our nation. It was caused for many different reasons; over speculation on stocks, with borrowed money, federal reserve restricted the money supply, and high tariffs created unbalanced foreign trade.

So because of the horrible economic downturn, many people were impacted dramatically. The depression impacted; unemployment and homelessness, bank failures and the collapses of financial systems, and even farm closures and migration.


  The 1932 Presidential election map shows clearly that Franklin Roosevelt became president as a result of blame that people put on President Hoover for doing “too little too late” in response to the Great Depression. To help drag the nation out of such horrible situations President Roosevelt created many stable programs such as, WPA(Works progress Administration), AAA(Agricultural Adjustment Act), FDIC( Federal Deposit Insurance Corporation), and Social Security.  

FDIC placard from when the deposit insurance l...
FDIC placard from when the deposit insurance limit was $2,500. (Photo credit: Wikipedia)

These New Deal programs impacted the Nation greatly! It made the government a lot more stable in business, the economy, and obviously everyday life.

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