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Impact of the Depression of 1929 on the USA and the New Deal Program for Economic Recovery 1932 - 1939
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Impact of the Depression of 1929 on the USA and the New Deal Program for Economic Recovery 1932 - 1939
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Journal Article
Impact of the Depression of 1929 on the USA and the New Deal Program for Economic Recovery 1932 - 1939
2019
Overview
The economic crisis of 1929 is considered as the severest of all economic crises that hit the capitalist world. It started in the USA with a catastrophic collapse of the stock-market prices on the New York Stock Exchange (N.Y.S.E) on Thursday, October 24, 1929, and then spread to the world. Therefore, this article attempts to find answers to questions about the reasons attributed to this crisis and to shed light on Roosevelt's New Deal program for economic recovery from 1932 to 1939. The research method in this article is based on comparing data from various sources. The results reveal that at first, President Hoover launched projects for recovery, but the latter proved ineffective to save the American economy from the problems engendered by the depression. It was only with the coming of Franklin Roosevelt to power that the American economy began to recover when he put into practice his New Deal program.
Publisher
جامعة طاهري محمد، بشار - كلية العلوم الاقتصادية والعلوم التجارية وعلوم التسيير
