The Great Depression

The Great Depression was the worst and longest economic collapse in the history of the United States. It not only put the United States in depression from 1929 to the early 1940’s, but also destroyed the rest of the World’s economy. Franklin D. Roosevelt’s confidence overwhelmingly won him the election in 1932, but significantly raised Americans’ spirits with his new aggressive federal programs known as the “New Deal.” “We Americans will rise from destruction; we …

…the New Deal, Americans started to accept government involvement and responsibility of the economy and its people. Union and racial minorities benefited from the New Deal, and became strong supporters of the Democratic Party, changing American politics for decades to come. Franklin Roosevelt’s New Deal placed a much greater role for the federal government and created a feeling that the free market must be regulated in to order to avoid a Great Depression II!