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[[Image:29-49.gif|right|250px|thumb|Dow Jones Industrial Averages, 1929-50.]]

[[Image:29-49.gif|right|250px|thumb|Dow Jones Industrial Averages, 1929-50.]]

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]].   

The '''"New Ordeal"''' is a neologism rarely used by opponents of Franklin D. Roosevelt and his New Deal, which was one of the most successful economic recovery programs in US history during peacetime.  It took the US economy two decades,  between 1929 and 1949, to finally recover from the [[Crash of '29]] which resulted from a number of factors, including delayed repayment of loans by wartime allies (World War I) and the reluctance of the Harding, Coolidge, and Hoover administrations to regulate the financial sector.  The "new ordeal" in the minds of those who accept that such a thing even existed, 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]].   

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