What was FDR’s New Deal?
Answer – The New Deal was a range of domestic economic policies and programs enacted by President Franklin D. Roosevelt, beginning in 1933, to combat the Great Depression and its effects on the American people.
Explanation:
President Roosevelt took office at a time when the USA was struggling under the Great Depression. Triggered by the stock market crash in 1929, the economic crisis had escalated rapidly and was affecting every aspect of daily life.
In order to combat this crisis, a range of policies and programs were rolled by the new Democratic government. These had three goals in mind (the 3R’s):
- relief for the unemployed,
- recovery of the economy, and
- reform of the capitalist system.
This was to be achieved through an expansion of the scope of the federal government’s intervention in the nation’s economy. Several federal agencies, such as the Securities and Exchange Commission (SEC) and the Federal Emergency Relief Act (FERA), were created. Their goals varied from oversight and reform to actively dispensing relief measures. Policies like the Fair Labor Standards Act and the Social Security Act were passed to achieve these ends.
Prior to FDR’s New Deal, the federal government’s role in the nation’s economy was in question. However, the agencies and acts enacted during the New Deal cemented the government’s role and established the modern American system of government. One of its most important products is the social security machinery of the USA.
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