Many have heard about Black Tuesday; the day the stocks plummeted back on the 29th of October in the year 1929. Many Americans were thrown out onto the streets; jobless, hungry and scared. For all those out there that had been living life like that after many harsh and cruel years, President Roosevelt announced a reform program, which would eventually lead America out of its deepest economic crisis. Top economists now call this golden three-part deal "the 3 Rs" for Relief, Recovery and Reform. The plan provided "Relief" to the unemployed and poor, "Recovery" for the economy, and "Reform" for the financial system such that the US would come back stronger than ever. This deal at the time looked particularly optimistic to many officials because it seemed as if it could be the end of the dark era we now call the Great Depression. The only thing standing between the deal and help was merely Congress, who was pretty divided on the plan. Even though the plan eventually passed, it didn’t really do as much about unemployment as many had expected it would. Now flash to the present day. We all hear tons about how the US is in debt. Heck, right when I opened my first research source for this project, I found a side bar recalculating the US debt every three seconds. The recession that began in the year 2008 has left problems that we're still dealing with today. So the main question being asked right now seems to be, "Is the current unemployment worse than that of the Great Depression?"
(1-15-13)
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