How Did The New Deal Strengthen The Usa Capitalism

On Thursday, October 29, the entire stock market fell. Millions of people lost their jobs and became homeless that day. It lasted for almost a decade. However, President Roosevelt introduced a plan, called The New Deal. The goal of the new deal was to help get the United States out of the Great Depression. Many people have different thoughts on how effective the New Deal was, though it helped get The United States out of the Depression. The New Deal was a success because it lowered the unemployment rate helped rebuild the economy. After the stock market crash, millions of people lost their jobs. Even people who, prior to the crash, had been somewhat wealthy went out of work. Therefore, jobs, even if they were temporary, were helpful. The Civilian Conservation Corps hired over 3 million workers to help plant trees in parks and restore the environment. These jobs benefitted millions of people and their people’s families. These people were broke. They had no money and had
People who had invested in them lost their money. Companies who couldn’t pay back their investors soon went out of business and had to close. It was a bad time for the United States. However, the New Deal helped to rebuild the economy. They gave people jobs, which then gave them money. Many people still had mortgages that they had to pay back. The economy slowly began to get better, more people were being hired and there was more financial relief. These were the main things that helped the economy become more stabilized. Many people believe that President Roosevelt was spending too much money at the time. The national debt had risen to almost 130% for the GNP. This was a problem, but it turned out to be a successful use of the money. The GDP, however, had increased from $635 billion in 1933 to $911 billion in 1937. This was a large increase in only 4 years. The United States’s economy finally got stabilized when WWII