The approach by President Franklin D. Roosevelt, known as the New Deal, was considered the most effective in helping to end the Great Depression. Here's why:
1. New Deal Programs: Roosevelt implemented a series of programs aimed at providing relief, recovery, and reform. These programs created jobs, stabilized the economy, and restored confidence among the American people.
2. Banking and Financial Reforms: The New Deal included measures to stabilize the banking system and regulate Wall Street, which helped restore trust in the financial institutions.
3. Social Security and Labor Laws: The New Deal introduced Social Security and established labor laws that protected workers' rights, improved working conditions, and provided a safety net for the elderly and vulnerable populations.
4. Infrastructure Projects: The New Deal invested in infrastructure projects such as roads, bridges, and dams, creating employment opportunities and boosting economic growth.
In conclusion, President Roosevelt's New Deal approach, with its comprehensive strategies focusing on relief, recovery, and reform, played a crucial role in pulling the United States out of the Great Depression.
