Final answer:
In 1933, President Franklin D. Roosevelt implemented the New Deal to address the effects of the Great Depression. The stock market crash occurred in 1929, marking the beginning of the economic downturn. The Great Depression led to a shift in American politics towards government intervention and the establishment of welfare programs.
Step-by-step explanation:
In 1933, President Franklin D. Roosevelt felt little need to change his economic policies. He believed that the government should play an active role in combating the effects of the Great Depression. He implemented various programs and policies collectively known as the New Deal, aimed at providing relief, recovery, and reform.
The stock market crash that triggered the Great Depression occurred in 1929. It is commonly referred to as 'Black Tuesday', and it marked the beginning of the economic downturn that lasted throughout the 1930s.
The Great Depression had a significant impact on American politics. It led to a rise in support for President Roosevelt and his New Deal policies. The crisis shifted public opinion towards a belief that government intervention was necessary to address economic issues. It also resulted in a realignment of political parties and the establishment of long-lasting welfare programs.
Learn more about Business Cycles in American History