Analysis of Roosevelt's "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
showed first 75 words of 843 total
showed last 75 words of 843 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.