Although the effects of the Great Depression were most keenly felt in industrialized countries, the economic tsunami spanned the globe. Chilean workers died from starvation as the mining and nitrate industries collapsed. In the United States one in four workers lost their jobs and were unable to find another for years. Former businessmen sold apples on street corners. There was no social ?safety net? in place to help people survive the economic dislocation. The Hoover administration decided to do relatively little in response, believing that the cycle of boom and bust was inherent and unavoidable in the capitalist system.
In the 1932 presidential election, Americans overwhelmingly voted for change. Franklin Roosevelt?s ?New Deal? dramatically addressed the crisis with a series of programs that fundamentally altered the role of government in American life. In his inaugural address, Roosevelt resolutely declared ?that the only thing we have to fear is fear itself.? Most Americans were glad that, at last, their government was doing something. Did the New Deal end the depression? Had FDR ?actually saved the country? as Mancil Milligan (and countless others) believed?
Other countries dealt with the Great Depression in different ways: How did Sweden and Great Britain respond to the crisis? How did Germany respond?