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The New Deal And The Great Depression

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The American stock market during The Great Depression, had been booming regularly upward for almost a decade; crashed, revealing the country into its most severe economic downturn yet. Speculators lost their shirts, had bank fails, the nation’s money supply go lower; and companies went bankrupt and began to fire their workers in large gatherings. By 1932, one of the bleakest years of the Great Depression, at least one-quarter of the American workforce was unemployed. When President Franklin Roosevelt took office in 1933, he quickly maintained the economy and provided jobs and support to the people who were suffering. About eight years later, the government came up with a series of momentary programs, known as the New Deal, that intended to

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