The New Deal: How Did The Economy Get Back On Its Feet?

The Great Intervention Just imagine one day waking up to an economy that was once fine and then have it all crash and go downhill in an instance. Having no idea how you are going to provide for yourself or your family because you’ve lost your job. When the American stock crashed, all banks failed and companies went bankrupt. After this major crisis, how did the economy get back on its feet?
Development and Implement of the New Deal Around the year 1930 America’s economy had a major transformation. “I pledge you, I pledge myself to a new deal for the American people” (Roosevelt, 1930). The economy had not only transformed but it was also recovered by the help of president Franklin Roosevelt. The New Deal helped a lot of Americans after the economy was shattered by the Great Depression. The New Deal helped improve the lives of people suffering from events of the Great Depression. The New Deal was a set of programs that helped take away individual’s stress, suffering, recovered our economy and rebuilt our Americans self-esteem.
Significance of the New Deals implementations …show more content…
Also, helped stabilize the banks and clean up the financial mess. The New Deal created new jobs for individuals that didn’t have any, prevented government corruption and wanted to avoid another Great Depression. Franklin Roosevelt’s New Deal sent relief to people from all classes and groups in danger of losing what they had. When New Deal was created a mass of agencies could provide families with not just jobs but also paid wages for the less fortunate families and established retirement refunds. After going through the Great Depression, The New Deal brought foundation for success and prosperity to the American