The Great Depression & The New Deal 1929-1940
Ultimately, the boom of the 1920’s may have rested on shaky economics. In October 1929 the US stock market crashed, sending the US and the world into the Great Depression, the most devastating economic downturn in all of history. The Republican administration of Herbert Hoover could do little to improve the economy, and in 1932, Democrat Franklin D. Roosevelt won a landslide victory, promising a “New Deal for the American people”. The New Deal attempted to respond to the crisis through a number of programs, vastly expanding the power of the Federal government and changing the way that people viewed government. The US did not fully emerge from the Depression until the US entered World War Two in 1941 and the debate still rages over the New Deal’s legacy.
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Hoover & Pre-New Deal Depression (1929-1932):
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FDR & The New Deal (1932-1940):
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