I chose this article because of the current state of the United States Economy. It seems as if history is repeating itself. The article describes the economy of America in the 1930s. The New Deal, instituted by President Roosevelt, was meant to help the economy. Today, President Obama has produced a stimulus package meant to help our economy. Both plans had the same purpose, however the same result is not yet known because the stimulus package hasn't had much of an impact. During the Great Depression, millions of people lost their jobs. The same is happening today. The unemployment increase was blamed on the decline of consumer spending, the same as it is today. Towards the "end" of the Depression, the United States entered into World War 2. Some saw the war as the factor that ended the Depression due to the increase in jobs and government spending. Right now, we are at war in the middle east. However, it is still very difficult to get and maintain a job. This article shows how history really does repeat itself. Many of the problems America faced back in the 1930s and the steps taken to try and resolve those issues are recurring today.
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