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a long recovery
Title: a long recovery
Category: Entertainment / Movies & Film
Details: Words: 2234 | Pages: 9.5 (approximately 235 words/page)
a long recovery
The Long Recovery
When he accepted the Democratic Party's nomination for the presidency in 1932, Franklin Roosevelt pledged "a new deal for the American people" (Atack, 1994, p. 625). When he assumed office, the American system of democratic capitalism faced a crisis of monumental proportions. Economic distress and social unrest were widespread. In 1929, Hoover's first year as president, the prosperity of the 1920s capsized. Stock prices climbed to unprecedented heights, as investors speculated in the stock market. The …showed first 75 words of 2234 total…
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…showed last 75 words of 2234 total…in order to prevent the Great Depression from reappearing.
Despite its many shortcomings and the sluggish recovery, the New Deal helped the country pull itself out of the Great Depression. The welfare state was here to stay. The New Deal avoided collectivistic alternatives and provided a framework for future growth. At the end of the Great Depression according to Badger (1989), the New Deal worked like a “holding operation” for people of the United States (pg. 10)
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