FDR's New Deal.

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  • Author(s): Brinkley, Douglas
  • Source:
    American Heritage. Winter2020, Vol. 65 Issue 1, p4-4. 1p.
  • Additional Information
    • Subject Terms:
      ROOSEVELT, Frank, 1938-; DEMOCRACY; CAPITALISM; STOCK Market Crash, 1929; DEPRESSIONS (Economics)
    • Abstract:
      The article focuses on how former U.S. President Franklin Delano Roosevelt (FDR) offered a wide range of experimental programs to prove that neither American democracy nor its brand of capitalism were obsolete to overcome depression. It mentions stock market crash of 1929 burst the bubble of uncontrolled speculation and business expansion of the Roaring Twenties. It also mentions trade had raised their tariffs, dealing a blow to America's export industry that deepened the growing depression.