Why Did The New Deal Reform The Great Depression

The Great Depression was a tragic event that hit the United States after the stock market crash of October 1929. This economical downfall was the worst in history and lasted over a span of ten years. By looking at the Great Depression, one can see what caused it, what effects it had on Wall Street and unemployment, and how the New Deal reformed it. This historical and economical downfall was a result of “the Roaring Twenties” era. The United States’ total wealth more than doubled throughout the years of 1920 and 1929 causing the economy to expand rapidly, hence the era’s name. “The stock market, centered at the New York Stock Exchange on Wall Street in New York City…where everyone from millionaire tycoons to cooks and janitors poured their