When Franklin D. Roosevelt became the president of the United States in 1933, the nation's economy was in a state of turmoil. Industrial production slowed to about half its level prior to the depression, agricultural and other prices of goods fell to half of their previous value, and unemployment ju...

The economy of the 1920's centred on the recovery from war. When war time industries closed down, and thousands of returning soldiers were looking for jobs, no jobs and people looking for jobs made for lots of unemployment. But by the time the 1920's rolled along, the economy was on the upswing....