Answer:
It was in a serious depression.
Explanation:
President Roosevelt has campaigned for a plan to fight the Great Depression of 1930s, which was the biggest recession in history, causing bankruptcies, corporate failures, rising unemployment rates and inflation. This plan was called the New Deal, and consisted of expanding government spending on social protection, job creation, and reforming the American economic and governmental system.
Franklin Roosevelt was elected and his New Deal plan was well-suited to combat that serious economic crisis.
