Which US president introduced the New Deal in 1933 to counter the depression?
The Living New Deal buildings have been decommissioned, privatized, or are threatened with demolition; many have already been lost or destroyed. The Living New Deal project has continued to grow rapidly, adding hundreds (even thousands) of New Deal sites to its map every year. When President Franklin D. Roosevelt took office in 1933, America was in the depths of the Great Depression. The stock market crash of 1929 led the implosion and the downturn continued for over three years as thousands of banks and businesses failed and millions of people lost their life savings, farms, and homes. At the nadir, one-quarter of the U.S.
The Living New Deal workforce was unemployed and national output had fallen by one-third. To address the economic collapse and resulting human suffering, President Roosevelt declared a "new deal for the American people." Within days of his inauguration, he had launched The New Deal, an innovative constellation of federal programs aimed at restoring financial stability, stabilizing industry and agriculture, increasing relief efforts, and employing millions of desperate workers. The economy began a rapid revival from 1933 to 1942, marred by a sharp recession in 1937. National output recovered to pre-Depression levels just before the outbreak of World War II, which absorbed the last of