How Did The New Deal Affect The Economy

During the glorious years of arts and music,the lost generation increased spending and enjoyed the prosperity of 1920’s by investing in stock markets and doubling their savings.Unfortunately,the luxury and comfort did not last through the harsh impacts of depression,which caused rapid changes,including unemployment,failure of businesses or banks and decline of international trade.As world’s largest economy slowly drifted into severe depression,President Franklin D Roosevelt was the only one, audacious enough to lead America through the extreme poverty.In the 1930’s,the institution of the New Deal policy aided in the recovery of the American economy.His actions for relief,recovery and reforms were followed by the great expanison of federal government’s role in the welfare and economy of the nation.Although,The U.S economy fared poorly even after enforcing several New Deal programs,It helped the country to function in the long term by providing temporary relief to the citizens and establishing certain