The Worst Economic Depression Ever Felt Theu.s. Essay

The worst economic depression ever felt in U.S. history was not only felt in north America, but this also became a worldwide economic slump. The Great Depression caused by many factors raised a question of how will the we take a step into recovery. The Election of president Franklin D. Roosevelt in 1932 was the beginning of the shaping of the U.S. government interaction with American citizens. Roosevelts campaign helped him win the election of 1932 with his laudable ideas of how to combat the effects of the depression. These Ideas were a set of programs intended to fix the depression and prevent future depressions as they were categorized by their function of relief, recovery, and reform. Although these programs from the New Deal didn’t end the depression they did help the U.S. towards economic progress, the program with the most significant impact on the U.S. economy would be the Social Security Act. During and after WWI the U.S. was the main creditor to many countries and provider of several goods in Europe. While European countries suffered the U.S. prospered from the war as their economic stasis grew. The stock market being one of the biggest influence to get regular Americans to invest in the stock market had its downfall as many borrowed heavily in order to invest, it soon reached its highest peak and began its decline in 1929. It was advertised as a quick way to make big bucks. The day that we know today as black Tuesday was what ushered the collapse of the American