How Roosevelt and his new deal prolonged the great depression

Running Head : How Roosevelt and His New Deal Prolonged the Great Depression

How Roosevelt and His New Deal Prolonged the Great Depression

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How Roosevelt and His New Deal Prolonged the Great Depression

Introduction

The Great Depression of the 1930 's is considered to be the greatest economic catastrophe in the history of United States . In 1931 unemployment in United States was about 16 .3 percent . That means that more than eight million Americans were jobless . In 1939 , unemployment rates had rise to 17

.2 percent (Powell , 2003 . The New Deal was initiated in United States of America by Franklin Delano Roosevelt in to offer instantaneous and urgent release and reinforcement to the collapsing economy . The initiation of the New Deal came at revolving position in American politics (Brinkley , 2004 . The Great Depression and the post World War I had a severe and negative impact on American society . The Hoover administration was successful in maintaining insignificant presence in economic affairs . FDR 's administration piercingly altered this dilemma with the execution of the New Deal . This economic program sought to provide radical assistance and aid to rejuvenate the economy

Impact of New Deal on the Great Depression

Escalating evidences have made it clear that the new deal had negative impact on the great depression and had prolonged it . People who belonged to marginalized and weaker sections of society suffered intensely due to the New Deal . The New Deal generated revenues from tripling the government taxes...