did the new deal solve the depression? why or why not?
FDR and the âNew Dealâ. One of the ideas that the media puts forth is that Franklin D. Roosevelt and the âNew Dealâ stopped the Great Depression and saved the American economy. A second New Deal therefore, should be able to save todayâs economy. A closer look at FDRâs policies will reveal that the New Deal did not solve the Great Depression; it did not save capitalism, it actually prolonged the Depression and vastly expanded governmentâs reach.