On October 24, 1929, when history was called "Black Thursday", the market stock market crashed as market investors began "to sell stocks and lower stock prices". did. (Dau-Schmidt, p. 60) The economic downturn in this market has resulted in domestic financial conflicts, rising unemployment rates and other international economic conditions. When President Franklin Roosevelt appointed President in 1933, "This country fell into the abyss of the Great Depression." (Neal, 2010) Roosevelt 's New Deal includes the implementation of relief programs such as work schedule management, civic activities and private enterprises.
In 1933, President Franklin Roosevelt New Deal offered more federal support to African Americans than at any time after the reconstruction. Still, New Deal's laws and policies still have considerable discrimination. In the mid-1930s, the National Coloring People Promotion Association launched a legal campaign against legal (lawful) separation, focusing on inequality in public education. By 1936, most black voters abandon their historical loyalty to the Republican Party and cooperate with unions, farmers, progressiveists and minorities to ensure President Roosevelt landslide is re-elected did. The election played an important role in transforming the equilibrium of power of the Democratic Party from the White conservatives in the south to the new alliance.
From 1933 to 1938, during the first term of President Franklin Roosevelt, the New Deal passed the legislation enacted by Congress and the order of enforcement of the president. These plans call historians '3R' to help with depression, relief, recovery and reform - poverty and unemployment alleviation, economic recovery, and national financial system reform to prevent future depression - It is working. The Great Depression continued from 1929 to 1939, the largest and most important economic depression that affected the United States and all the Western countries. The stock market crash on 29th October 1929, known as Black Tuesday, was the worst stock market decline in US history. Large-scale speculation during the economic recovery period in the 1920s and general buying of the profit margin (borrowing most of the investment cost) was the cause of the collapse.