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The U.S. economy truly "roared" in the 1920s bringing great prosperity, so how could it have...

The U.S. economy truly "roared" in the 1920s bringing great prosperity, so how could it have ended so quickly by just a stock market crash in 1929? How successful was President Franklin D. Roosevelt's New Deal in bring Recovery, Reform, and Relief?

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The Great Depression of 1929 was not a result of the stock market crash. It only accelerated the economic collapse. But the stock market crash was disastrous and panic only worsened the situation. After the stock market crash people rushed to withdraw funds from banks but the banks did not have enough funds to pay back all those wanting to withdraw. This led to banking failure. The stock market crash was a result of series of events and all this accumulated led to the collapse of the American economy.

The New Deal was partially successful. It did not help in complete economic recovery but there were some accomplishments. It was the president's attempt to tackle the depression. Though it did not end depression, it was successful in restoring people's faith. Without the New Deal, unemployment situation would have been worse. It helped create some jobs temporarily.

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