Changes

[[Image:29-49.gif|right|250px|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.]]

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 stages of the [[Great Depression]] during President [[Herbert Hoover]]'s term and the four terms of  [[Franklin D. Roosevelt]], 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'''.   

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 stages of the [[Great Depression]] during President [[Herbert Hoover]]'s term and the four terms of  [[Franklin D. Roosevelt]], 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'''.