The Impact of the New Deal Legacies on Modern American Economical, Political, and Psychological Thought
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Date
2021-06
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Abstract
Roosevelt's first and second New Deal policies, implemented in the 1930s, were applied to
handle the repercussions of the 1929 Stock Market Crash, particularly, the Great Depression
and unemployment. In this perspective, the objective of the present study is to see if such
initiatives still have an impact on modern America's economic, political, and psychological
thinking. In this regard, the descriptive method is used to discuss such a topic because it
depicts many historical events and facts. Also, included is a comparative analysis to compare
the stock market crashes of 1929 and 2020 - of which were sparked by Covid-19-. According
to the findings of the study, the New Deal was a two-edged sword with both positive and
negative features. The New Deal then succeeded in reviving the American economy but failed
to end the Great Depression, which was instead brought to an end by WWII mobilization. The
most significant finding of the study is that some of the New Deal services are still
operating in the United States today. They have a major economic, political, and
psychological effect on contemporary America
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Key Words: Roosevelt, New Deal, the Stock Market Crash, 1929, 1930s, 2020, the Great Depression, unemployment, modern America, thoughts, economical, political, psychological.