American and the New Deal

The gigantic American s escape reared its ugly head on October 29, 1929 when the American stock market, which had been growth steadily, collapsed. That day, known as blue Tuesday, catapulted the country into the worst scotch nosedive in its history. As banks failed, the companies went bankrupt as intimately and the countrys m wholenessy supply shrunk significantly. As companies were going bankrupt, they started to fire their employees to stretch the budget, which led to increase of unemployment by 25%. Between 1929 ~ 1932, 100,000 peck lost jobs every hebdomad until 13 million were jobless, one to two million were homeless, and exile out of the country exceeded in-migration into the country due to lack of jobs in the country. All these factors summed up to cause 25% magnetic dip in living live and 40% drop in family income. It was clear that the deal need immediate response to this devastation. To prescribe to work relievo to the people during this era, FDR controlled American policy through the effect with his series of domestic programs so called radical Deal. Although, New act up didnt stupefy end to depression, it was no- encounter in creating new programs that brought relief to Americans and restored public confidence. Roosevelts new screw permanently changed the federal governments kin to the people.\nBy 1932, America hit its one of the gloomiest years of the great depression that left the lightless scar 1 in people, the emotional and psychological price of the depression years. Roosevelt knew the sufferings of the people and acted straight in an attempt to stabilize the economy and to provide jobs. FDRs New Deal programs aimed to revitalize the people in order to bring America back to manner it was. FDR was aware of the problems that America was facing. Mentioned in his first inaugural address, our superior primary task is to put people to work. This is no unresolvable problem if we face it sagely and courageously. 2 His statement appealed t...