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Create a list of causes that caused The Great Depression.

c. Explain what President Franklin Roosevelt did to restructure America during The Great Depression.

Sagot :

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The factors that contributed to the Great Depression

  • The Central Bank of the United States has implemented stringent monetary policies.
  • The collapse of the stock market in 1929.
  • The collapse of banks, was an effect of the fall of the stock market as a result of an increase in the number of individuals withdrawing their funds from the banks, leading to the banks' closure.

c) President Roosevelt after a significant drop in prices, the Additional Deal made an attempt to re-inflate the economy and imposed new restrictions and protections on the banking sector.

What is the Great Depression?

Generally, The Great Depression, which lasted from 1929 through 1939, was the most severe economic slump in the history of the industrialized world. It began in 1929.

Additionally, President Roosevelt with the New Deal made an effort to re-inflate wages. During the first term of Franklin D. Roosevelt's administration, the New Deal initiatives were comprised of both legislation that was ratified by Congress and presidential executive orders issued by the White House.

Read more about the Great Depression

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