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The Great Depression And The "New Deal"
Beginning of paper
In 1932 almost 1500 banks failed, 32,00 businesses closed their doors and
one-fourth of the labor force in the United States was unemployed. In that
same year Franklin Delanore Roosevelt was elected president. He took
office in 1933 with the economy and the nation in a severe depression. For
the first three years of the Great Depress .... Middle of paper
.... that said that the forces of
supply and demand operated to slowly in a serious recession, and the
federal government should step in and help stimulate the economy. This
theory became known as Keynesian Economics. In terms of the Great
Depression the economy was at a serious imbalance because the public sector
was saving more than usual and the business sector was not investing at a
typical level. Therefore the government needed to step on ....
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Number of words: 305
Number of pages: 2 (approx. 250 words per double-spaced page)
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