Monday, September 22, 2008

Effects of the Great Depression

The Great Depression badly affected the American people because there wasn’t a welfare system for unemployed workers. Between 1929 and 1933 money income fell 53% and as a result, demand fell considerably. This led to lower levels of production. It led to the election of President FDR, who created the programs known as the New Deal to overcome the effects of the Great Depression. The people came to expect and accept a larger federal role in their lives and the economy.

No comments: