The Great Depression Exit; World War Ii or New Deal

Topics: Great Depression, Unemployment, World War II Pages: 2 (662 words) Published: August 14, 2010
The Great Depression in the United States was the worst and the longest economic collapse in the history of the modern industrial world, lasting from the end of 1929 until the early 1940s. The Great Depression saw rapid decline in the production and sale of goods and a sudden, severe rise in unemployment. Businesses and banks closed their doors, stock market crashed (Document 2), people lost their jobs, homes, and savings, and many depended on charity to survive. Natural calamities, such as the dust bowl added to the sufferings of the people. It caused major agricultural and ecological damage, destroying the lives of several thousands of families (Document 1). In 1933, at the worst point in the depression, more than 15 million Americans—one-quarter of the nation’s workforce—were unemployed (Document 3). The New Deal initiated by President Roosevelt was a sequence of programs intended to decrease unemployment and jump start the economy. Although, the New Deal was partially responsible for stimulating the economy, the World War II played a more prominent role in stabilizing the economy. The New Deal acted more as a pain–killer rather than a cure. Herbert Hoover, a Republican, followed trickle-down theory, which is providing for the businesses and letting them flourish and their profits will ultimately trickle down the lower income individuals and the rest of the economy. Franklin Roosevelt responded differently. His primary task was to put people to work “… It can be accomplished in part by direct recruiting by the government itself … but at the same time, through this employment, accomplishing greatly needed projects to stimulate and reorganize the use of our natural resources.” Also “… we must … endeavor to provide a better use of the land for those best fitted for the land. The task can be helped by definite efforts to raise the values of agricultural products and with this the power to purchase the output of our cities. It can be helped by preventing...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Great Depression and New Deal Essay
  • The Great Depression and the New Deal Essay
  • The Great Depression and the New Deal Research Paper
  • Great Depression and New Deal Study Guide Essay
  • Essay on Consequences of the Great Depression and Support for the New Deal
  • The New Deal and the Great Society Essay
  • “TWO BIG SHIFTS IN AGGREGATE DEMAND:THE GREAT DEPRESSION AND WORLD WAR II” Essay
  • Information About the Great Depression, New Deal, the Great Society, and the War on Poverty Essay

Become a StudyMode Member

Sign Up - It's Free