Read this article about the Great Depression in the United States. In addition to introducing the various causes, the text also covers The New Deal, a bundle of legislation that pulled the country out of depression and was arguably responsible for fully modernizing the United States.
The Legacy of the New Deal
By the end of the 1930s, Roosevelt and
his Democratic Congresses had presided over a transformation of the
American government and a realignment in American party politics. Before
World War I, the American national state, though powerful, had been a
"government out of sight". After the New Deal, Americans came to see the
federal government as a potential ally in their daily struggles,
whether finding work, securing a decent wage, getting a fair price for
agricultural products, or organizing a union. Voter turnout in
presidential elections jumped in 1932 and again in 1936, with most of
these newly mobilized voters forming a durable piece of the Democratic
Party that would remain loyal well into the 1960s. Even as affluence
returned with the American intervention in World War II, memories of the
Depression continued to shape the outlook of two generations of
Americans.70 Survivors of the Great Depression, one man would recall in
the late 1960s, "are still riding with the ghost - the ghost of those
days when things came hard".71
Historians debate when the New
Deal ended. Some identify the Fair Labor Standards Act of 1938 as the
last major New Deal measure. Others see wartime measures such as price
and rent control and the G.I. Bill (which afforded New Deal–style social
benefits to veterans) as species of New Deal legislation. Still others
conceive of a "New Deal order," a constellation of "ideas, public
policies, and political alliances," which, though changing, guided
American politics from Roosevelt's Hundred Days forward to Lyndon
Johnson's Great Society - and perhaps even beyond. Indeed, the New
Deal's legacy still remains, and its battle lines still shape American
politics.