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How Did The Great Depression Affect The Economy In The 1920s

341 Words2 Pages
According to video, the United States had face hard times in Great Depression in 1920s, because many people spend too much money on the stocks, so the banks could not control over the debts they owe so that market system had been crushed during that time. However, President Roosevelt created the new programs which is called “New deal” so that workers are could get earnings from creating dams, buildings. States taking control over the setting the prices for workers’s wages so that they could invest some money to use for later. Therefore, the banks had been recovered and functioning well because they had been running with consumers spending with earnings slowly. Furthermore, Government also control over private companies so that they could

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