The Great Depression was by far the most severe economic upheaval endured by American Capitalism. ... However, although this was the case, there were great underlying problems produced by American Capitalism, which was revealed by the Great Depression. ... The initial government response to the Great Depression was ineffective, as President Hoover insisted that the economy was sound and that prosperity would soon return. ... Thus, with the long lasting of the Great Depression, the influence and powers of the federal Government grew increasingly bringing out the idea that the free market had to...

• Word Count: 1388
• Approx Pages: 6
• Has Bibliography
• Grade Level: Undergraduate

During the 1930's, the major effect of the Great Depression resulted in the New Deal. ... Both Herbert Hoover and Franklin D Roosevelt envisioned different roles the government should play. ... He asserted that he cared for common Americans too much to destroy the country's foundations with deficits and socialist institutions. ... The New Deal also attempted to reform the mistakes that had led to the great depression. ... However, the new deal promoted the government to intervene with everyday social and economic lives of the people. ...

• Word Count: 739
• Approx Pages: 3
• Grade Level: Undergraduate