After the period of the Great Depression, when the complete collapse of the stock market began, the value of most shares fell sharply, businesses closed, banks failed, the value of money decreased and millions of people lost their jobs, in 1931 the new president Franklin Roosevelt built the way out of the economic crisis. He was determined to introduce effective changes known as New Deal.
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All in all Under President Roosevelt the federal government took on many new responsibilities for the welfare of the people.
Even though the New Deal didn’t lead to the full economic recovery, it made a big contribution to its development. The Great Depression ended only with the World War II, when millions of jobs in defense and war industries were created. From 1933 until 1941, President Roosevelt’s New Deal programs and policies created a new political coalition that included white working people, African Americans and left-wing intellectuals. Moreover, more women entered the workforce. This coalition broke apart over time, however, many New Deal programs such as Social Security, unemployment insurance, and federal agricultural subsidies are still up to date.
https://www.history.com/topics/great-depression/new-deal
https://www.fdrlibrary.org/great-depression-new-deal
https://www.thoughtco.com/new-deal-programs-still-in-effect-today-4154043
https://web.stanford.edu/class/e297c/poverty_prejudice/soc_sec/hgreat.htm
http://www.digitalhistory.uh.edu/disp_textbook.cfm?smtid=2&psid=3450
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