The Legacy Of The Roaring Twenties

1475 Words6 Pages
The “roaring twenties” was a time of prosperity and happiness across the country of America. The economy boomed and there was a general air of excitement throughout society. However, the stock market crash in 1929 brought about the Great Depression, which ended this era. Franklin Delano Roosevelt felt compelled to do something to bring America back to its former prosperous self. Roosevelt created the New Deal, a series of government programs and laws intended to fix the economic issues plaguing America. This plan consisted of what is known as the three ‘R’s, that is relief, recovery and reform. Relief was the effort to help one-third of the people out of world in the country. Recovery was the effort to restore business and the economy as a whole. Lastly, reform was the effort to let government intervene in order to stabilize the economy. The programs of the New Deal, which started in 1932, were intended to protect and promote capitalism and were conservative in nature, as most people in America believed that this New Deal would allow for the established capitalist system to be preserved; however one can argue that government intervention and policies that came within stopped it from being completely conservative, and actually somewhat radical. The Great Depression, which occurred from 1929 to 1939, was the longest lasting economic hardship in the history of the United States. This Great Depression began in October of 1929 when stock prices on Wall Street completely

More about The Legacy Of The Roaring Twenties

Get Access