The New Deal and the Great Society

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On October 29, 1929, the crash of the U,. S. stock market – known as Black Tuesday – set off a world wide spiral in every part of the globe. Manufacturing output plunged by approximately one third. Prices everywhere fell, making the burden of the repayments of debts much harder.


The Great Society was a set of domestic programs proposed and enacted in the United States on the initiative of President Lyndon B. Johnson (1963-1969). Two main goals of the great Society social reforms were the elimination of poverty and racial injustice. New major spending programs that addressed education, medical care, urban problems, and transportation were launched during this period. The Great Society in scope and sweep resembled the New Deal agendas of Franklin Roosevelt, but differed sharply in types of programs. Johnson’s success depended on his own remarkable skills of persuasion, coupled with the democratic land slide in 1964 that brought in many new liberals. Anti-war Democrats complained that spending on the Vietnam war choked off the Great Society. While some programs have been eliminated or have had their funding reduced from the 1960’s onward, many of them, including medicare, Medicaid, and federal education funding, continue to the present. ...
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