1932 Roosevelt's New Deal in the United States In 1929, the great economic crisis that swept the Western world broke out, and the American economy was in trouble. In 1932, Roosevelt, who was sitting in a wheelchair, took over the task and was elected as the 32nd President of the United States. After he came to power, he implemented the New Deal in a drastic manner. His "New Deal" was divided into two phases: the first phase focused on relief and rehabilitation; the second phase focused on the in-depth reform of the American political and economic system. Roosevelt pioneered state monopoly capitalism where the state intervened in the economy. It not only brought the U.S. economy out of trouble and entered a period of upsurge, but also had a profound impact on the U.S. economy, society, political system and life.