• Why Did Roosevelt's New Deal Spending Fail to Lift the American Economy?

    Why Did Roosevelt's New Deal Spending Fail to Lift the American Economy?

    The Great Depression of the 1930s was by far the greatest economic calamity in U.S. history. In 1931, the year before Franklin Roosevelt was elected president, unemployment in the United States had soared to an unprecedented 16.3 percent. In human terms that meant that over eight million Americans who wanted jobs could not find them. …
  • How Roosevelt and His New Deal Prolonged the Great Depression

    How Roosevelt and His New Deal Prolonged the Great Depression

    Why Did New Deal Spending Fail to Lift the American Economy? The Great Depression of the 1930s was by far the greatest economic calamity in U.S. history. In 1931, the year before Franklin Roosevelt was elected president, unemployment in the United States had soared to an unprecedented 16.3 percent. In human terms that meant that …