The New Deal Era

Effects of the New Deal Era on the American Economy Name Institution EFFECTS OF THE NEW DEAL ERA ON THE AMERICAN ECONOMY 2 Effects of the New Deal Era on the American Economy The New deal explains a set of massive initiatives through which the US President Franklin Roosevelt sought to drive the country out of the adverse effects of the Great Depression that was almost crushing the US economy for a decade, in the 1930s (Fishback, 2016). President oversaw the enactment of different regulatory mechanisms, financial reforms, and other types of public initiatives with the aim of restoring economic sanity in the country (Tilman, 2008). It is, however, important to highlight that the New Deal was played a critical role in reviving the American economy; especially before the onset of World War II (Hardman, 1999). The different measures taken by the country’s administration at the time contributed significantly to the reestablishment of the country’s economy. It is essential to highlight that the World War I was the primary driver of the Great Depression in the United States; implying that it created substantial reasons for the country's leadership in formulating a robust approach to drive the country...

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