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The New Deal and its Effects on America

Franklin Delano Roosevelt 's New Deal , an unprecedented initiative that created many new United States federal government programs , positively affected millions of unemployed individuals and numerous private and public enterprises . Roosevelt introduced and promoted this New Deal program during his 1932 presidential campaign , and won in a landslide as the nation was in the grips of the Great Depression . The New Deal 's short and long-term effects were numerous , and many of its programs have endured into the 21st century . Historians

and economists still debate the New Deal 's merits and shortcomings , but this sweeping , dynamic program undoubtedly affected millions of desperate , hurting Americans in the 1930 's and beyond

The stage was set for the Great Depression and The New Deal in the previous decade , known in the United States as the Roaring Twenties This decade of American economic prosperity , for individuals and businesses , was ultimately proven to be excessive and unsustainable in the following , harrowing decade . During the Twenties , the average American was busy buying automobiles and household appliances , and speculating in the stock market (PBS , 2009 . A large portion of purchases by individuals was done on credit , and the stock market was widely perceived to move in only one direction , steadily up . Stock speculation was rampant and credit flowed freely , which led to high levels of personal debt . Then , on Black Tuesday , October 29 , 1929 the stock market crashed , triggering the Great Depression , the worst economic collapse...