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A B C D E F G H I J K L M N O P Q R S T U V W X Y Z ALL You Have Viewed Too Many Free Essays, Term Papers, and Book Reports. Great Depression Great Depression The Great Depression and the New Deal. In 1932 almost 1500 banks failed, 32,00 businesses closed their doors and one-fourth of the labor force in the United States was unemployed. In that same year Franklin Delanore Roosevelt was elected president. He took office in 1933 with the economy and the nation in a severe depression. For the first three years of the Great Depression the government did very little to help the economy to recover. This all changed when FDR and his democratic administration took control. This administration initiated the "New Deal." This program brought together the federal and the state governments. The states received federal grants, which provided funding for such programs as public works projects, housing assistance, aid to families with dependent children, unemployment compensation and many other programs. These programs helped to eventually pull the economy and the nation out of the Great Depression. The main question is why the democratic administration and FDR felt these programs would work, and why they felt such a dramatic change in the role of the government was needed. For the answer we must turn to an economist by the name of John Maynard Keynes. He developed an economic theory that said that the forces of supply and demand government, farmers, depression, people, great, economy, credit, steinbeck, small, programs, everything, took, public, produce, new, longer, livestock, land, future, feed, drought, deal, began, because, almost, administration, years, worst, work, tractors, today, thus, step, states, slowly, should, serious, seen, same, said, roosevelt, result, recession, put, purchase, projects, products, percent, out, off Word Count: 1124 Acceptance_Essays American_History Anatomy_&_Physiology Animal_Science_&_Zoology Anthropology Architecture Art Astronomy Aviation Biographies Book_Reports Business Computers Creative_Writing Current_Events Economics Education Engineering English Environmental_Science Ethics European_History Film_&_TV Foreign_Languages Geography Government_&_Politics Health_&_Beauty History_Other Human_Sexuality Legal_Issues Marketing Mathematics Medicine Miscellaneous Music Mythology Philosophy Physics Poetry Political_Science Psychology Religion Science Shakespeare Social_Issues Sociology Speech Sports_&_Recreation Supernatural Technology Theater Theses_&_Dissertations

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