The New Deal
The 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 the foundations of Western capitalism.
The New Deal describes the program of US president Franklin D. Roosevelt
from 1933 to 1939 of relief, recovery, and reform. These new policies aimed to
solve the economic problems created by the depression of the 1930's. When
Roosevelt was nominated, he said, "I pledge you, I pledge myself, to a new deal
for the American people." The New Deal included federal action of unprecedented
scope to stimulate industrial recovery, assist victims of the Depression,
guarantee minimum living standards,......
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