New Deal

Topics: New Deal, Great Depression, Franklin D. Roosevelt Pages: 4 (1470 words) Published: March 18, 2008
The New Deal 1933-2939
1933-1939 periods were one of the most critical periods in the American History. Around 1929, Americans faced unremitting economical privation, where complete reformation was required in order to restore its economical health. The Great Depression of America destroyed its confidence and trusts in the government, furthermore, the causes of the Great Depression were merely due to the failure of the economical status of America. President Franklin D. Roosevelt- one of the greatest American presidents of his time and elected by the Democrats- proposed a treaty to be called the New Deal of 1933-1939. The New Deal projected new principles for government interference in the economy. The steps the New Deal acquired many Americans to restore their financial status or even gain one. Although the New Deal did not end the Great Depression, it helped America gain some of its confident back and generate some deals that helped many Americans. Firstly, domestic and worldwide conditions in the USA as early as 1929 were the causes of the American Great Depression. Many economical and social inequality conditions in the United States led to the failure of the American civilization. The main causes that led to depressing the American economical society were: -according to The American Pageant pg 762 1." plague of plenty" Overproduction by farming and manufacturing works- due to the high levels of unemployment, hence, poor financial status; a slight amount of people were able to purchase goods. 2."The nation's capability to produce goods had clearly exceeded its competence to consume or pay for them". Once again, not everyone afforded buying goods, hence, controlling the market, since the wealthy were few. 3."Over expansion of credit through instalment-plan buying over stimulated production- citizens"- citizens were putting themselves in debt more than they can burden. 4.Europe's crisis and its reflection to the American economy:...
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