Question

How was the New Deal's approach to the crisis of the Great Depression different from previous responses to economic slumps in American history

Answer 1

Included government interference and investment in the economy.

Prior to the New Deal, the US took a "wait it out" approach to recessions and panics. The economy was growing so there were bound to be bumps in the road. Hoover tried this very approach in the early stages of the Great Depression but this depression was larger in scale and connected to a global economy. FDR pumped money into the economy, physically creating jobs and infrastructure. He also regulated the market in a way no one had done prior. 

Answer 2

The New Deal was different from other responses because it involved massive government spending to kickstart the economy.

Before Frankiln D. Roosevelt became President, the general economic policy of the U.S. government was to stay away from the economy because it was believed that it would eventually correct itself.

Roosevelt on the other hand, believed that the government should in fact be involved in the economy and to this effect, pursued the New Deal which saw the government:

• Tighten banking regulations so that a disaster like the Great Depression would be prevented from happening again
• Spend on various programs such as the Works Progress Administration to ensure that people had jobs.

We can therefore conclude that the New Deal involved heavier government interference in the economy than before which was what made it different.

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