The New Deal was the name given to President Franklin D. Roosevelt’s programs to try to help deal with the effects of the Great Depression. When President Roosevelt got elected, the American people were suffering tremendously. Many people were unemployed, and many had lost their savings when the stock market crashed and banks failed. The New Deal programs tried to help the American people deal with the devastating effects of the Great Depression.
There were several kinds of programs. There were reform programs to try to ensure the Great Depression wouldn’t happen again. The Securities Act and the Glass-Steagall Act placed regulations on banks and on the investment industry. There were relief and recovery programs also. Several programs were established to create jobs. The Civilian Conservation Corps and the Civil Works Administration are two examples of programs designed to get people back to work. The Agricultural Adjustment Act paid farmers to not grow crops. The National Industrial Recovery Act had businesses, workers, and the government working together to set prices and establish wages. The Social Security Act provided a pension to people who retired at age 65 or later.
These New Deal programs were designed to deal with the effects people experienced as a result of the Great Depression.
https://www.history.com/topics/great-depression/new-deal
Saturday, February 23, 2013
What was the New Deal?
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