In the 1930's the entire world economy was in a slump. It was one of the worst depressions the world had known. America, a world leader, was suffering right along with everywhere else. The depression had devastating effects on the country. The origins of the depression were the stock market speculation, mistakenly raised interest rates, tariff increase, and economic inequality. The stock market was in shambles. Banks everywhere went under. Businesses couldn't continue to operate. …
showed first 75 words of 855 total

showed last 75 words of 855 total
…whole economy was depressed. Roosevelt and the government used legislative tools to regulate and manage the economy. The government's intervention in the economy grew greater than ever before. With the New Deal, the American economy recovered gradually. The New Deal not only created jobs, subsidized agriculture, and supported industries but also built infrastructures that Americans are currently using. Government's intervention was increased during the depression and that defined the role of government in today's society.