Historians still debate the extent to which the New Deal contributed to the end of the Great Depression, but there is no denying that it left America and the American government in a different place. In no less than approximately 250 words, discuss and describe the responsibilities of the federal government during an economic crisis. Why? Is there a danger that assistance will lead to dependence? Explain why or why not. You must support your post with specific examples and be sure to be specific in your reasoning.
This is an interesting assignment. It is important to keep in mind that when the New Deal was launched, America was still in the midst of the Great Depression that followed the stock market crash of 1929. Unemployment was at record numbers. According to history.com, unemployment had reached twenty percent by 1935. To put that in context, it means that one out of every five people eligible for employment could not find work. By comparison, the unemployment rate today is in the low single digit range (roughly 3.5%). That is a big difference.
The New Deal was extensive, encompassing new government regulation over the banking system and the stock market (Glass-Steagall, the creation of...
(The entire section contains 330 words.)
check Approved by eNotes Editorial