New Deal

The 1920’s was a period of general prosperity for many Americans but the decade ended with the most serious depression in United States history. When Herbert Hoover (31st president) took oath into office in March 1929, trade was booming, industry was flourishing. Unemployment was low, wages were up, prices were steady and corporations were making…

Roosevelt’s New Deal On July 2, 1932, at the Democratic National Convention, the crowd listened intently to the phrase,” I pledge you, I pledge myself to a new deal for the American people.” The New Deal name was soon applied to the program of reform and recovery instituted by Franklin Delano Roosevelt. During the early…