The Great Depression was known as the worst economic period in history. The Great Depression was caused by the stock market crash of October 1929. It was also a cause of the federal government and their relativity. After the crash of the stock market, there was a loss of about 90% of value between the years of 1929 and 1933. There was a great deal of effects on U.S. citizens caused by the Great Depression. Unemployment rates rose to 25%, leaving people without jobs, and without jobs they could not support their families. The housing prices had dropped 67%, and homelessness rates skyrocketed. The American banking system collapse, and industrial production began dropping. These are only a few example of the many. In order to pick up and fix what the Great Depression caused, President Roosevelt created what is called the New Deal, which helped many people to get back on their feet. The New Deal was a group of domestic policies, a series of programs, and financial reforms. It was enacted in the United States between the years of 1933 and 1939. The New Deal had drastically expanded the role of the federal government in response to the Great Depression.
