Question and answer
To what extent was the New Deal successful in solving the economic crisis of the Great Depression?
The Great Depression was a catastrophic phenomenon in which America faced during 1929-1941. It had caused unprecedented hardships to businesses, workers, farmers and ethnic minorities. [ The Wall Street Crash of 1929 triggered the slew of the stock market meltdown characterised by bank closures, depositors lost their monies, farm lands were auctioned, and 25% of working force were unemployed.
Prior to the stock market crash, symptoms of economic disaster were showing such as gross imbalance in wealth distribution (0.1% of the population earned 42% of the income of the masses), excessive production of goods, natural calamities known as dust bowls hit farm lands, etc. By now, disappointment of the American people on Herbert Hoover's "laissez-faire" governmental approach to reverse the crisis was escalating. In the 1932 November election, Franklin Delano Roosevelt won a landslide victory and therefore officially became President on early March 1933. "I pledge you, I pledge myself to a new deal for the American people." Roosevelt informed the convention in his acceptance speech. The New Deal was a suite of economic and social programs and legislation initiated by Franklin Delano Roosevelt, the 32nd president of USA (1933-1945), in hope to solve the economical crisis America was facing and to restore confidence in the people of America. Most historians categorize these initiatives as the 3R's: Direct Relief was the first; those millions of Americans who were in desperate need of food and money were helped; Economic Recovery was the second; government had to intervene in order to lead the country out of the depression; Reform was the third; mistakes and faults had to be set right in order for the United States of America to advance forward. ]
Expert answered|kristy49|Points 0|
Question
Asked 2/19/2013 7:06:01 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
20,210,672 questions answered
Popular Conversations
Solve the inequality 9(x - 3) 13/5 x 67/5
Weegy: 9(x - 3) User: Solve the inequality 8(x + 1) > 7(x + 2). x -22 x 6 Weegy: 8(x + 1) > 7(x + 2) 8x + 8 > 7x ...
3/31/2015 6:43:39 AM| 4 Answers
Solve. –5(1 – 5x) + 5(–8x – 2) = –4x – 8x
Weegy: –5(1 – 5x) + 5(–8x – 2) = –4x – 8x; -5 + 25x - 40x - 10 = -12x; -5 - 15x - 10 = -12x; -15 - 15x = -12x; ...
3/31/2015 8:56:36 AM| 3 Answers
Which is a part of the female part of the ...
Weegy: b
3/31/2015 9:03:40 AM| 3 Answers
Evaluate the expression for x = -3. x^2 - 2x + 4
Weegy: The answer is x=5. User: Solve for c. ab - c = 9 Weegy: -2(2x + 5) - 3 = -3(x - 1) -4x - 10 - 3 = -3x + 3; ...
3/31/2015 10:35:54 AM| 3 Answers
Marie Camargo was a French ballerina.
3/31/2015 5:42:44 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 15 [Total 9175]| Ratings 0| Comments 15| Invitations 0|Offline
S
L
Points 6 [Total 3609]| Ratings 0| Comments 6| Invitations 0|Offline
S
L
Points 5 [Total 1582]| Ratings 0| Comments 5| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 2 [Total 7879]| Ratings 0| Comments 2| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
S
Points 0 [Total 0]| Ratings 0| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.