The Great Depression officially ended in 1940, but in reality the U.S. economy started recovering only after World War II. In addition to raising taxes on businesses, the income tax was also raised. On May 6, 1939, Henry Morgenthau, Roosevelts treasury secretary, confirmed the total failure of the New Deal to stop the Great Depression: We are spending more than we have ever spent before and it does not work. Democratic economics types are saying no! The story is, however, more complicated. With the New Deal, there was a larger role for the government. This is an essay from my undergraduate years at the London School of Economics. Most economists agree that the New Deal actually prolonged the Great Depression. Opinion essay sample liz, short essay on water recycling, tree essay english hindi sat practice essay sample othello essay help. It is even estimated that the NRA increased the cost of operating a business by 40 percent.