The New Deal and Franklin Roosevelt

Topics: Wall Street Crash of 1929, Great Depression, New Deal Pages: 1 (132 words) Published: December 21, 2014
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. 

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