3. The New Deal in the United State

3. The New Deal in the United States
1. Of all the major industrial countries, only Germany was harder hit by the Great Depression, or reacted more radically to its, than the United States
2. The Great Depression and the response to it marked a major turning point in history
1. President Herbert Hoover and his administration initially reacted to the stock market crash and economic decline with dogged optimism and limited action
2. When the full force of the financial crisis struck Europe in summer of 1931 and boomeranged back to the United States, people’s worst fears became reality
3. Banks failed, unemployment soared and industrial production fell 50 percent
4. Franklin Delano Roosevelt (crippled by polio) won a landslide electoral victory with grand but vague promises of a “New Deal for the forgotten man”
3. Roosevelt’s basic goal was to reform capitalism in order to preserve; Roosevelt rejected socialism and government ownership of industry in 1933 and to right the situation, he chose forceful government intervention in the economy
4. Roosevelt and his advisers were greatly influenced by American experience in World War I as the American economy had been thoroughly planned and regulated; government adopted similar policies to restore prosperity and reduce social inequality

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3. The New Deal in The United States
1. Of all The Major Industrial Countries, Germany was only Harder hit by The Great Depression, or reacted more Radically to ITS, than The United States
2. The Great Depression and The Response to a Major Turning Point in history it Marked
1. President Herbert Hoover and His Administration initially reacted to The Stock market Crash and Economic decline with dogged optimism and Limited Action
2. When The full Force of The Financial Crisis in Europe Struck Summer of 1,931 and Boomeranged back to The United States, People's worst Fears Became Reality
3. Banks failed, unemployment soared and Industrial production fell 50 Percent
4. FRANKLIN Delano Roosevelt (Crippled by Polio) Won a Landslide Victory Electoral but with Grand Vague Promises of a "New Deal for The Forgotten MAN"
3. Roosevelt's basic goal was to reform capitalism in order to preserve; Roosevelt rejected socialism and Government Ownership of Industry in 1933 and to Right The situation, He chose forceful Government Intervention in The Economy
4. Roosevelt and his advisers were greatly influenced by American experience in World War I as the American economy had been thoroughly planned and regulated; government adopted similar policies to restore prosperity and reduce social inequality.