Final answer:
The New Deal policy was implemented in response to the Great Depression to address economic issues. It can be considered successful as it provided relief, created jobs, and implemented reforms.
Step-by-step explanation:
One historic event and the policy created to solve the problem was the Great Depression in the 1930s. The policy implemented to address the economic crisis was known as the New Deal, introduced by President Franklin D. Roosevelt. The New Deal aimed to provide relief, recovery, and reform through various programs and initiatives, including the Works Progress Administration (WPA) and the Social Security Act.
Overall, the New Deal can be considered successful in terms of providing immediate relief, creating jobs, and implementing reforms that stabilized the economy. It played a crucial role in restoring confidence and improving the living conditions of millions of Americans.