free enterprise system as the US fell into the worst depression in history.

The economic depression that beset the United States and other countries

was unique in its severity and its consequences. At the depth of the depression,

in 1933, one American worker in every four was out of a job. The great industrial

slump continued throughout the 1930's, shaking the foundations of Western

The New Deal describes the program of US president Franklin D. Roosevelt

from 1933 to 1939 of relief, recovery, and reform. These new policies aimed to

solve the economic problems created by the depression of the 1930's. When Roosevelt

was nominated, he said, "I pledge you, I pledge myself, to a new deal for the

American people." The New Deal included federal action of unprecedented scope to

stimulate industrial recovery, assist victims of the Depression, guarantee minimum

living standards, and prevent future economic crises. Many economic, political, and

social factors lead up to the New Deal. Staggering statistics, like a 25% unemployment

rate, and the fact that 20% of NYC school children were under weight and malnourished,

industrial recovery by pumping federal funds into large-scale construction projects. The

The Depression was a devastating event in America, and by regulating banks and the stock

The Fair Labor Standards Act (1938) established a federal Minimum Wage and maximum-hours

the law was passed, wages began to rise as the economy turned to war production. Wages and prices

to preserve peoples skills and self-respect by providing useful work during a period of

policy. The minimum wage, 25 cents per hour, applied to many workers engaged in interstate commerce.

Some topics in this essay:
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