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The New Deal: The Great Depression

382 Words2 Pages

The 1920s started as a successful time frame for many. People were striking it big in the stock market and broadway and everything seemed alright. However that took a turn when the stock market crashed and put many citizens in debt. Also 25% of all Americans became unemployed(Entry 6). This started a time that is now known as the Great Depression. In order to resolve the many issues caused by this disaster, the New Deal was created. The New Deal was successful because it ended the banking crisis and helped the farming industry. After the stock market crashed, many people were in debt. Also this forced many children to leave home. In order to fix the banking crisis and help many families, the Federal Depositors Insurance Corporation examined

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