1. View the TED Talk video: "What Few People Know About the Program that 'Saved' America."

2. Watch the Khan Academy video: "More Detail on the Treaty of Versailles and Germany."

Task:

Complete the following table by filling in the information:

| Nation | Germany | United States |
|---------------|----------------------------|-------------------------------|
| Response to | WW1-Great Depression | |
| Impact of the | | |
| Response | | |

Explain why the response was effective or not.

The response to the Great Depression through the New Deal was effective in providing relief and reducing unemployment, while restoring confidence in the economy. Key programs like the WPA and FDIC played crucial roles in this transformation. However, some argue that the ultimate recovery was catalyzed by World War II.

Explanation:

Understanding the Response to the Great Depression

The response to the Great Depression in the United States, particularly through the New Deal program, was a significant historical event that aimed to alleviate the economic struggles of the time. This response can be evaluated for its effectiveness in various ways.

The New Deal Programs

The New Deal, proposed by President Franklin D. Roosevelt, implemented a series of federal programs designed to provide relief, recovery, and reform. Some key components included:

Relief programs: These included direct aid to the unemployed and poor, primarily through the Works Progress Administration (WPA) and the Civilian Conservation Corps (CCC).
Recovery programs: Initiatives like the Agricultural Adjustment Act (AAA) aimed to boost agricultural prices by reducing surplus production.
Reform programs: The Federal Deposit Insurance Corporation (FDIC) was established to restore public confidence in the banking system.

Effectiveness of the Response

Overall, the New Deal was effective in several respects:

The programs significantly reduced unemployment and provided critical relief during a very challenging time. For instance, by 1941, unemployment had decreased to around 10% from a high of 25% during the depths of the Depression.
It also helped restore confidence in the banking system and the economy as a whole, leading to increased consumer spending and investment.
However, some critics argue that the New Deal did not fully remove the economic crisis and that it took World War II to truly restore economic stability and output.

In conclusion, while the response to the Great Depression through the New Deal was not without its criticisms and limitations, it fundamentally changed the role of the federal government in the economy and provided a framework for future government intervention during economic crises.

Learn more about Great Depression here:

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