American History

During the Great Depression in the 1930s, the global village has been distressed in unremitting poverty and exploitation. The people were pushed into even greater difficulties by the current episode of intense economic, ecological and social crisis. Yet, it should be a sobering thought that all over the globe, there were groups of people who had nothing to lose from the crisis, those who had nothing in the first place  nothing to lose, but everything to gain. How did the Federal Government respond to the onslaughts of the Great Depression
The Great Depression
As a respond to the stimulus of paucity which badly affected the U.S. industries, the federal government tightened the availability of  HYPERLINK httplinkscontent.comgetReturn.phpid3585253248627e614bbd1c0aaa4a2769q2312checkb08c17c84ae57a8b3b3b87444d4a57c0 t _blank credit to cool the  HYPERLINK httplinkscontent.comgetReturn.phpid3585253248627e614bbd1c0aaa4a2769q4825check29d8e571c9c76fbb3e22ce96b7f4df4f t _blank stock market. On the lighter hand, majority of the people still had their jobs and kept persisting against the deteriorating employment in the U.S. The Federal government continued modernization, electrification, and road construction and sanitation projects while other democracies cooperated to resolve the economic and social crises while maintaining democratic politics.
To reverse the dire effects of the Depression, the Federal Reserve seasonally adjusted index of industrial production, a standard measure of aggregate economic activity. Further computations using the Balke and Gordon (1986) data indicated an average annual growth rate of real GNP equal to 4.6 percent. In addition, the relative international economic strength of this country was clearly displayed by the fact that nearly one-half of world industrial output was produced in the United States (Bernanke 1).
Conclusion
A lot of financing firms and enterprises shut down and job demands continued to fall, and President Franklin Delano Roosevelt was hardly able to neutralize and pacify the blows brought about by the crises. However, the unity known of Americans bridged the great loss and paved way for recovery not much a decade later.