FDR's plan for reform called The New Deal. Pax - C
2007-08-05 16:17:27
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answer #1
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answered by Persiphone_Hellecat 7
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It was World War II that ended the Depression once and for all. During the 8 years of the New Deal, the national economy grew by about 4% a year, while during the 6 years of America's pre-war and wartime production, the economy grew by an average of about 11% a year. The Depression hit in 1929, with unemployment around 25% in 1930. Economic production and employment had almost risen to early 1929 levels by 1937, but then a major recession hit, causing unemployment to rise again sharply. The recession lasted until wartime production began in 1939, in anticipation that isolationist America would soon have no choice but to assist the Allies or face a Eurasian landmass under fascist control. Once America's involvement in World War II began in 1942, employment reached pre-Depression levels, and production exploded past pre-Depression levels, into an unprecedented level. The New Deal balanced the competing interests that had destabilized the economy, and slowly recovered lost ground, but it was World War II that really put the American people back to work, and set the groundwork for creating the economic giant that America has been ever since.
2007-08-05 17:22:47
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answer #2
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answered by HistoryProf 1
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There are business cycles in all capitalist economies and the Great Depression was a particularly severe one that lasted so long because it was actually a double dip.
http://www.visualizingeconomics.com/2006/08/15/average-income-in-the-united-states/ As the name cycle implies no level of economic activity is permanent so the recovery was inevitable. Government policy can only damp the fluctuations using fiscal and monetary policy. The huge deficits that the Government ran during WWII created a boom but it was followed by another crash after the war. The New deal mostly helped relieve the suffering due to the depression, but bad monetary policy in the 1930's did nothing to aid the recovery and offset the effects of fiscal policy. However many of the reforms passed during the 30's governing the stock market and banks have prevented a recurrence of financial system failure that deepened the depression.
http://www.pbs.org/fmc/interviews/friedman.htm
2007-08-05 20:09:12
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answer #3
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answered by meg 7
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Absolutely nothing. It is democratic propoganda that FDR brought the US out of the Great Depression. As noted above, all of FDR's domestic agenda did absolutely nothing to relieve the economic hardships on Americans. The only thing that got the economy heading in the right direction was the onset of WWII and that did NOT occur during the 30's.
whale
2007-08-06 12:15:11
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answer #4
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answered by WilliamH10 6
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According to my father who lived through the " Great depression" WWII was what brought the U.S. out of the great depression. Everyone had a job during the war. And when the war was over the factories that had been manufacturing war equipment converted over to making things like refrigerators and washers and dryers. Europe and Asia had no factories left after the war so the U. S. kind of had the corner on the market for manufacturing.
2007-08-05 17:02:42
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answer #5
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answered by douglas s 1
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The combination of WW2 and the New Deal. New Deal changes after the Great Depression increased employment, and relieved many americans to a degree. The "Bank Holiday" which was in the New Deal also helped the economy Recover.
However, it was ww2 which ultimately bounced the economy back. Because there was such a huge demand for work, goods, and the like, economy boomed.
2007-08-05 16:21:26
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answer #6
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answered by bluebruno2007 2
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World War II
2007-08-05 17:50:47
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answer #7
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answered by bluegreydude4 2
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Captain Takeo Fushida of the Imperial Japanese Navy air Force. He came through Kolekole Pass on the island of Oahu in his aircraft and sent the following voice message back to the Japanese aircraft carrier Akagi: "Tora. Tora. Tora" (Tiger. Tiger. Tiger). It indicated that none of the air defenses at Pearl Harbor or Hickam Air Field were operational and the remaining planes in the attack force could proceed as planned to bomb the military installations on the island.
At the time of the Pearl Harbor attack, unemployment was still in the double-digits from the Depression.
2007-08-05 19:35:21
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answer #8
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answered by desertviking_00 7
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The New Deal helped but World War II is what REALLY got us out of the depression.
2007-08-05 16:33:47
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answer #9
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answered by redunicorn 7
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ww2 helped out, nothing worked very much to completely get the U.S. out of the depression, it even sunk in deeper in the mid 30's, FDR's plans helped some but it was the boost from the war that helped the most
2007-08-05 17:11:48
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answer #10
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answered by nunya b 3
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The new deal proposed by FDR brought us out of the great depression
2007-08-05 17:21:21
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answer #11
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answered by Lumberjack01 1
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