-
The great depression would be an event that would target the entirety of the United States. The Great Depression was a widespread economic downturn that was caused by a variety of reasons. Such as the Dust Bowl and a poor return on crops would cause agriculture to crash, the stock market would plummet, and banks would go under due to masses of people going to take their cash because of financial fears. The Great Depression would lead to Federal involvement in the economy as well(Levy 313-325) -
FDR would be inaugurated on the promise of a New Deal for America, in which the federal Government would intervene and stimulate the economy. Hoover would leave FDR with a failing economy that FDR would counter with injecting funding into various projects such as the TVA, WPA, and PWA. These various institutions would use government funds to create jobs and stimulate the economy. Other features of the New Deal would be the Bank holiday to help reinforce Americans' trust. (Levy 330-336)