The New Deal Was The Main Cause Of The Great Depression

The Great Depression was one of the most relentless economic depression times in the United States.
The stock exchange was the primary reason for the Great Depression. Humans were the ones who had suffered the most during this period of time. The New Deal had programs that helped people make things better during the Great Depression. What was the main cause of the Great Depression and how did the New Deal recover the depression? The stock market crash was the main cause of the Great Depression. Thousands of banks failed causing the economic process to slowdown. People were getting bank loans to invest in stocks known as buying on margin .The as the stock prices got higher people would buy more loans. United States had been through before they had never had a depression like this one. The stock market crashed in October 27th of 1929, Herbert Hoover was only in
The New Deal provided many temporary jobs for men who were unemployed. The New Deal had programs that provided a safer work environment for employees, such as establishing retirement funds and a federal income to retired people and who are unemployed or disabled. The New Deal three programs that were the most outstanding were the Civil Works Administration, Work Progress Administration and Civilian Conservation Corps. The Civil Works Administration created manual jobs such as engineering for unemployed workers, the jobs were mostly temporary. The Civilian Conservation Corps, known as a public relief program that was established in 1933 through 1942 for families. The Work Progress Administration program was the largest and most successful program, the program employed millions of unskilled workers to construct public works projects. The New Deal was established to keep the United States from going into another