The New Deal

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The Great Depression was the longest economic turn down known to history. It all started October 1929, the day the stock market crashed leaving people all over the nation in panic. President Hoover at the time was trying to get things up and running was not enough. The election on 1932 came with democrat Franklin D. Roosevelt winning the election in hope that he will help the nation and put an end to the Great Depression. During the 1930s and 1940s, Roosevelt’s need of change led to his “New Deal” to change the roles of government to put a stop to the Great Depression so it would never happen again.
On October 24, 1929 was the day that will change history forever. A sudden drop in all the stocks prices in the New York’s Stock Exchange left the people in panic. With everyone left in worry, a large amount of people started relying on the banks and taking out money as soon as the stock market crashed. This left banks all over the nation bankrupt. This day is known as Black Thursday. On October 29, the stock market lost over $5 billion in stock values with this leaving businesses and people in complete devastation about how to cope with this mishap. With banks going bankrupt there was people left living on the streets, people losing their jobs, businesses going bankrupt, and everyone not meeting their financial needs. This left Hoover to help and recover their losses over this huge dramatic change.
During the Great Depression, millions of people and civilians were out of work across the United States and had a great effect to the people. When there was at least one job opening, everyone would flee to that area applying for the same job all at once. Unfortunately, not every single person applying could get the job. Most people lives i...

... middle of paper ... Industrial Recovery Act cut back production and made wages very high. This now made it more expensive for employers to hire people.
New Deal itself confronted one political setback after another granting people with jobs through the outcome of the acts that took place through the program. In the end of the New Deal, it never ended the Great Depression. It only helped people get jobs so people can recover and put out nation back on track. It benefited us today giving us better opportunities that we would not have without the passing of the New Deal. December 7, 1941, the Japanese bombed Pearl Harbor and we entered World War II. The war effort encouraged the American industry and ended the Great Depression (New Deal). The Great Depression will always be known as a horrible tragedy, but without it we wouldn’t have the support that is now still being taken place.

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