The stock market crash of 1929 helped launch the United States and many other nations into the worst economic depression in history. The severity of the Great Depression called for federal government programs to protect the general welfare of citizens. The New Deal programs created by Franklin D. Roosevelt provided the framework for the welfare state that still serves as a basis for American public policy. All aspects of American society suffered during the Great Depression. …
showed first 75 words of 952 total

showed last 75 words of 952 total
…banks due to the dramatic bank failure rate; the investors did not have the confidence to maintain and keep their businesses productive. The New Deal did not restore the economy to the levels of 1929, but it was an extreme political and psychological accomplishment. Roosevelt played a huge role in helping to restore the economy during the Great Depression. He interacted with the people; he convinced them that things were not as bad as they seemed.