The New Deal: The United States During The Great Depression

The whole point of history it to learn about the past so we don’t repeat our mistakes, and thrive on the things that worked. An example of this was the Great Depression and the strategies that we used to get out of it, also known as the New Deal. In 1929 The United States had the hardest economic downfall in the industrial world. This would last 10 years before our government created The new deal, something that would turn us on the right path. Throughout the Great Depression our government would have to go back to stage one and pick our country back up one piece at a time. During the Great Depression we would go through time where all we had was hope, but that is all we needed. The great depression was a terrible event altho taught us
This tragic event lasted ten years from 1929 till 1939. On October 24, 1929 12.9 million shares were sold by nervous investors, this day would Further be remembered as black Thursday. That next week on October 29 ,1929 (Black Tuesday) 16 million shares were traded most of which ended up useless. This was bad news for investors who borrowed money from other people. This was just the beginning of the worst then years America has ever seen. In result of Black Tuesday businesses had to start letting employees go, altho for the lucky ones who kept their jobs wages were dramatically decreased. It eventually got to the point where there were the United States industrial industry was so bad farmers weren’t able to harvest their crops while people were starving on the streets. It got to the point when someone wanted to withdraw money from their savings they weren't able to because there wasn’t any money in the bank. Thankfully things gradually started to change when Franklin Delano Roosevelt (FDR) came up with The New
Franklyn then came up with the second new deal which involved more aggressive program. He made the Works Progress Administration (WPA) which provided jobs for unemployed people. They would have people run post offices, build bridges, highways, parks, and even schools. They also gave work to artists, writers, theater directors, and musicians. Altho they eventually had to make the National Labor Relations board which made sure that employees were treated correctly by managers. Later that year FDR signed the Social Security act which guaranteed pensions to millions of american citizens. The new deals gave us hope by giving us a way out for times like this for the future to