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In this paper, the writer examines the causes of the Great Depression. US government policies in response to the crisis are discussed, including those of Herbert Hoover and Franklin Delano Roosevelt. The role of the gold standard and the currency crisis is also analyzed. The final section of the paper deals with approaches used by FDR to resolve the depression, such as the New Deal. The New Deal and its long term effects on American economic and social policy are discussed. The author concludes that New Deal programs, policies, and ideologies changed American core values. What was once a nation characterized by libertarian ideals became a nation inextricably intertwined with the global market economy.
Sample of Sources Used:
- America's Great Depression." Retrieved Oct 25, 2006 from http://www.amatecon.com/gd/gdcandc.html
- Gupta, P. & Lee, J. (1996). "The Great Depression and the New Deal." Retrieved Oct 24, 2006 from http://www.bergen.org/AAST/Projects/depression/
- Gusmorino, P.A. (1996). "Main Causes of the Great Depression." Retrieved Oct 25, 2006 from http://www.gusmorino.com/pag3/greatdepression/
- "The Herbert Hoover Presidential Library and Museum." Retrieved Oct 24, 2006 from http://hoover.archives.gov/exhibits/Hooverstory/gallery06/gallery06.html
Cite this Research Paper:
Great Depression (2007, May 31) Retrieved June 06, 2020, from https://www.academon.com/research-paper/great-depression-95725/
"Great Depression" 31 May 2007. Web. 06 June. 2020. <https://www.academon.com/research-paper/great-depression-95725/>
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