The great depression was full blown and felt by the American people in 1929. Nevertheless, the indications were clear from as early as 1923 when financial institutions started closing the doors. This paper outlines the causes, effects and the tactics used that resulted to the recovery of the shattered economy of the United States under the watch of Franklin D. Roosevelt.
The great depression cannot be attributed to have been caused by an individual factor, but a combination of unaddressed outstanding factors. From a keen observation of American history, in 1920, there was a large disparity between the haves