Special Series Ep.8: Infiltrating the West Pt.2 | How the Specter of Communism Is Ruling Our World

Table of Contents 3. From the New Deal to Progressivism 4. The Cultural Revolution of the West 5. The Antiwar and Civil Rights Movements 3. From the New Deal to Progressivism On Thursday, October 24, 1929, the New York stock market crashed. The crisis spread from the financial sector to the entire economy, sparing none of the major developed nations of the West. Unemployment spiked to over a quarter of the population, and the total number of unemployed exceeded 30 million. Apart from the Soviet Union, industrial production in major industrial countries dropped by an average of 27 percent. In early 1933, within 100 days of Roosevelt’s inauguration, many bills were introduced around the theme of solving the crisis. The policies increased government intervention in the economy and passed major reforms: Congress enacted the Emergency Banking Act, Agricultural Adjustment Act, National Industrial Recovery Act, and Social Security Act. Though Roosevelt’s New Deal essentially ended by t