| Doing research on the world economy, especially when we refer to the world recessions and the related measures, we have to do the intensive research on the Great Depression happening in the thirties of the last century and the Roosevelt's New Deal. For this depression had the deepest influence, touched on the widest area, and lasted for the longest time in the history. After inauguration, President Roosevelt got rid of the measures taken by President Hoover and took many new measures, touching on finance, industry, agriculture, relief, public project and so on. President Roosevelt was the first man in the U.S. to adjust and manage the economy by the government. Although China can keep its growth rate at 7% in the current sluggish world economy, we can't ignore the problems, such as the high unemployment rate, the slack domestic demand, existing in our economy. So doing research on the Great Depression and the Roosevelt's New Deal has the great significance to our economic reformation.This paper consists of 4 chapters:Chapter One expounds the inherent reason of the Great Depression and the measures taken by President Hoover. The American economy stepped into a flourish time during 1922-1929. But there existed fundamental weakness in the economic structure, which caused the Great Depression. This depression touched on many areas, including industry, agriculture, trade and currency. President Hoover denied the seriousness of the recession and believed the automatic adjustment can make the U.S. step out of the recession.Chapter Two introduces the Roosevelt's New Deal, which consists two parts 1933-1934 and 1935-1939.Chapter Three analyzes the influences of the Roosevelt's New Deal. The paper mainly compares the American economy before and after the "New Deal". We can get the conclusion that the "New Deal" helped the U.S. go out of the recession.Chapter Four mainly introduces the message that we can get from the "New Deal". As the anti-recession policy in the market economy, the "New Deal" has many experiences we can learn from. The paper analyzes the areas of financial controlling, public project, social insurance and consumption pledge credit. |
