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enormous gap between productive capacity and
consumption capacity. After the First World
War, farmers or wage earners gained more
than before, finally exceeding the capacity of

purchasing because of the rapid development
of manufacturing technology. There was
a fierce dispute about the reasons for the
Great Depression and resolutions for it the

presidential election campaign. The Republican
Party candidate Herbert preferred a gradual
business recovery.
However, the Democratic Party candidate

Franklin Roosevelt insisted the federal
government should intervene and give resolute
solutions. Eventually, Franklin Roosevelt was
elected, instituting the “New Deal”- First,

Agricultural Amendment Act : deciding the
amount of production before people start
farming. If the products or goods are leftover,
the government should purchase References :
http://cafe.naver.com/maximusuhak/2753
them. Second, the Industry Promotion Act : http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1
job creation by investing massive capital from =104&oid=016&aid=0000829351
http://terms.naver.com/entry.nhn?docId=1006085&cid=43054&c
the government. Last, the Social Security Act : ategoryId=43054
guarantee citizens’ life zone by giving pension

to unemployed people, the old, and the infi rm. Jang, Hyojoo (1-1)
Of course beside Lincoln and Franklin ask6345@naver.com
there were also many soldiers and citizens
who made today’s America. Thanks to them,

Americans could overcome many diffi culties in
their history.

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