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The Great Depression And The "New Deal"
Beginning of paper
In 1932 almost 1500 banks failed, 32,00 businesses closed their doors and
one-fourth of the labor force in the United States was unemployed. In that
same year Franklin Delanore Roosevelt was elected president. He took
office in 1933 with the economy and the nation in a severe depression. For
the first three years of the Great Depression the go ....
Middle of paper
....the public sector
was saving more than usual and the business sector was not investing at a
typical level. Therefore the government needed to step on and stimulate
the economy. This stimulation was seen in the actions of the government in
the "New Deal." Slowly but surely the steps taken by the government pulled
the nation's economy out of the r.... |
| Word count: 305 |
Page count: 2 |
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