The New Deal and Franklin Roosevelt
The Great Depression was a terrible situation in the United States because it left low farm prices, uneven distribution of income, stock market crash, buying on credit, unpaid loans, high tariffs, dust storms, drought and low wages. I believe that the New Deal programs were Justified because of the National Emergency caused by the Great Depression.
The Great Depression was the longest, most widespread, and deepest depression of the 20th century. The depression originated in the United States starting with the fall in stock prices that began around September 4, 1929 and became worldwide news with the stock market crash of October 29, 1929(aka Black Tuesday). Over 10,000 banks failed out of over 25,000, taking the life saving of 9 million people. Stock values fell from $89 billion to $15 billion. $74 billion was lost.
Please join StudyMode to read the full document