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How Did The New Deal Affect The Economy

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The New Deal provided support for the U.S. citizens during the Great Depression. It created a new way of the economy and giving Americans hope again. Some things that came from the New Deal harmed the economy further, yet the New Deal was successful. The New Deal was successful in providing relief, recover, and reform from the Great Depression by providing jobs for the unemployed, as well as regulating banks and the stock market.

People were overconfident in the economy, and they would spend more money than they could afford buying stocks. Because of this, when the stock market crashed, many Americans lost a lot of money. Businesses were forced to shut down, leaving many unemployed and to fall into poverty - this is where the New Deal came

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