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Essay: New Ordeal

192 bytes removed, 19:23, September 25, 2011
[[Image:29-4950.gif|right|250px|thumb|Dow Jones Industrial Averages, 1929-4950.]][[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''' is the period of time between 1929 and 1949, when the American economy finally recovered from the [[Crash of '29]]. It encompasses the four presidential terms U.S. President [[Franklin D. Roosevelt]] had been elected to, the final term having been administered mostly by his successor, President [[Harry S. Truman]].