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To What extent had the New Deal been successful in overcoming the Depression in the United States by 1941?

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  • Essay length: 2789 words
  • Submitted: 30/12/2011
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AS and A Level History of the USA, 1840-1968

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To What extent had the New Deal been successful in overcoming the Depression in the United States by 1941?

The Great Depression was a catastrophic phenomenon in which America faced during 1929-1941. It had caused unprecedented hardships to businesses, workers, farmers and ethnic minorities. The Wall Street Crash of 1929 triggered the slew of the stock market meltdown characterised by bank closures, depositors lost their monies, farm lands were auctioned, and 25% of working force were unemployed. Prior to the stock market crash, symptoms of economic disaster were showing such as gross imbalance in wealth distribution (0.1% of the population earned 42% of the income of the masses), excessive production of goods, natural calamities known as dust bowls hit farm lands, etc. By now, disappointment of the American people on Herbert Hoover's "laissez-faire" governmental approach to reverse the crisis was escalating. In the 1932 November election, Franklin Delano Roosevelt won a landslide victory and therefore officially became President on early March 1933.

"I pledge you, I pledge myself to a new deal for the American people." Roosevelt informed the convention in his acceptance speech.

The New Deal was a suite of economic and social

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