[[Image:29-49.gif|right|200px|thumb|Dow Jones Industrial Averages, 1929-49.]]
[[Image:29-49.gif|right|200px|thumb|Dow Jones Industrial Averages, 1929-49.]]
[[Image:115yeardowgoldratio.gif|right|200px|thumb|Dow Jones Index in constant dollars relative to the price of gold. The chart is a good reflection of living standards throughout the period.]]
[[Image:115yeardowgoldratio.gif|right|200px|thumb|Dow Jones Index in constant dollars relative to the price of gold. The chart is a good reflection of living standards throughout the period.]]
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The '''New Ordeal''' describes the period of time between 1929 and 1949, when the American economy finally recovered from the [[Crash of '29]]. It encompasses the early statges of the [[Great Depression]] and the terms of Presidents Herbert Hoover, the four terms of [[Franklin D. Roosevelt]] had been elected to, the final term having been administered mostly by his successor, President [[Harry S. Truman]]. The New Ordeal also is sometimes refered to as the '''Great Ordeal''' or simply the '''Ordeal'''.
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The '''New Ordeal''' describes the period of time between 1929 and 1949, when the American economy finally recovered from the [[Crash of '29]]. It encompasses the early statges of the [[Great Depression]] during President [[Herbert Hoover]]'s term and the four terms of [[Franklin D. Roosevelt]] had been elected to, the final term having been administered mostly by his successor, President [[Harry S. Truman]]. The New Ordeal also is sometimes refered to as the '''Great Ordeal''' or simply the '''Ordeal'''.