The Impact Of The New Deal Legacies On Modern American Economical, Political, And Psychological Thought

Résumé: Roosevelt's first and second New Deal policies, implemented in the 1930s, were applied to handle the repercussions of the 1929 Stock Market Crash, particularly, the Great Depression and unemployment. In this perspective, the objective of the present study is to see if such initiatives still have an impact on modern America's economic, political, and psychological thinking. In this regard, the descriptive method is used to discuss such a topic because it depicts many historical events and facts. Also, included is a comparative analysis to compare the stock market crashes of 1929 and 2020 - of which were sparked by Covid-19-. According to the findings of the study, the New Deal was a two-edged sword with both positive and negative features. The New Deal then succeeded in reviving the American economy but failed to end the Great Depression, which was instead brought to an end by WWII mobilization. The most significant finding of the study is that some of the New Deal services are still operating in the United States today. They have a major economic, political, and psychological effect on contemporary America

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