In the 1920's the US was doing well and its economy boomed due to its burgeoning industries. However many didn't share in the boom such as industrial workers who lost their jobs to new machinery and African-Americans who suffered from the effects of racism. When the Wall Street stock market crashed in October 1929, the world economy was plunged into the Great Depression. By the winter of 1932, America was in the greatest economic depression of its history which can be attributed to various factors. Namely, a disequilibrium of supply and demand and large cooperation’s being at a loss due to unpaid debts from the poor. Unemployment reached upwards of 13 million, but Franklin D. Roosevelt promised “A new deal for the American people”. Roosevelt's
