Response Paper #2
The World War did not only harvest millions of lives globally, but it also induced economical and social chaos in the United States known as the great depression. It resulted in financial instability, unemployment and homelessness, inducing the urgency for a solid plan like Roosevelt’s New Deal to remedy these socioeconomic issues, as well as to provide a sense of security and community to Americans, and indeed it did.
After the crash of 1929, the value of the US dollar dropped to catastrophic levels. Millions of Americans suffered a great deal and lost their money and savings at banks because the money was not physically stored at the banks. Instead, it was lost in failed investments. In other words, a huge sum of money simply