The Great Depression And The "New Deal"



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 government did very
little to help the economy to recover. This all changed when FDR and his
democratic administration took control. This administration initiated the
"New Deal." This program brought together the federal and the state
governments. The states received federal grants, which provided funding
for such programs as public works ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

that said that the forces of
supply and demand operated to slowly in a serious recession, and the
federal government should step in and help stimulate the economy. This
theory became known as Keynesian Economics. In terms of the Great
Depression the economy was at a serious imbalance because 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 recession it faced for so many years. ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

The Great Depression And The "New Deal". (2004, February 7). Retrieved November 17, 2018, from http://www.essayworld.com/essays/The-Great-Depression-And-New-Deal/2673
"The Great Depression And The "New Deal"." Essayworld.com. Essayworld.com, 7 Feb. 2004. Web. 17 Nov. 2018. <http://www.essayworld.com/essays/The-Great-Depression-And-New-Deal/2673>
"The Great Depression And The "New Deal"." Essayworld.com. February 7, 2004. Accessed November 17, 2018. http://www.essayworld.com/essays/The-Great-Depression-And-New-Deal/2673.
"The Great Depression And The "New Deal"." Essayworld.com. February 7, 2004. Accessed November 17, 2018. http://www.essayworld.com/essays/The-Great-Depression-And-New-Deal/2673.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 2/7/2004 06:54:34 AM
Category: Economics
Type: Premium Paper
Words: 305
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
The Great Depression and the Ne...
Keynesian Theory And The New De...
The New Deal
Impact Of New Deal On The
The New Deal
The New Deal
The New Deal
The New Deal
The New Deal
The New Deal
Copyright | Cancel | Contact Us

Copyright © 2018 Essayworld. All rights reserved