How Did The New Deal Affect The Economy In The 1920s And 1930s

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Life in the Roaring Twenties was not only the peak of an artistic and social movement, it was a time, even after fighting in World War I, that Americans had exceptionally well financial stability. People were going throughout the decade buying stock from the Stock Market and buying luxury items for the enjoyment of themselves and their family. The luxury life suddenly came to a screeching halt when the Stock Market crashed in late 1929, sparking a depression. Roosevelt put several acts into place, all a part of his New Deal plans to help bring the country out of the depression. Urban dwellers, those who resided and were employed near urban areas, were affected most by the events of the 1920s and 1930s as they transitioned from a luxurious working …show more content…
Roosevelt in office as of 1932, he began pondering on ways to relieve the unemployed in urban America. Roosevelt passed several acts and federal organizations to stimulate the economy and attempt to pull America out of the depression. These were tied together into one big administration called the New Deal. The New deal put out funding for the unemployed and put them to work doing odd jobs for public works. The New Deal did, however, have several flaws that prohibited America overcoming the depression. What did spark the economy and the industries in America was our assistance we provided in the World War going on in Europe and Japan. Roosevelt proposed a plan with Britain known as lend-lease. “In other words, American could funnel weapons to England on the basis of no more than Britain’s promise to return them when the war was over” (Text, 609). America had to have the machinery to lend to Britain. With the demand of weaponry from Britain, America had to find a way to meet the demand. Quickly factories that formally manufactured farm equipment, opened their doors, hired workers, and began mass production on weapons. With factories now operating at full steam and the unemployed being hired, the end was in sight for the end of the Depression. America was now on their way to several years of a remarkable post-depression economy and some citizens could go back to their luxurious, working style of

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