The New Deal
Did You Know? The New Deal. Implemented under the direction of President Franklin D. Roosevelt, the New Deal was a series of economic relief and reform initiatives intended to help the American people and businesses recover from the Great Depression.
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Transcript
The New Deal was a series of economic relief and reform initiatives intended to help the American people and businesses recover from the Great Depression.
Implemented under the direction of President Franklin D. Roosevelt, New Deal legislation broke from the American tradition of laissez-faire government.
Rather than continue the “hands off” economic approach used by presidents before him, Roosevelt believed government interference was necessary to help the economy recover.
With programs like the Public Works Administration, National Recovery Administration, and Tennessee Valley Authority, the New Deal bolstered the American economy by creating jobs and regulating struggling industries.
It also established worker protections by setting a minimum wage and maximum hours and solidifying the rights of unions.
Though many New Deal programs were gutted or removed after Roosevelt’s presidency, a few are still active in the United States: the Social Security Act, providing a national pension system and financial protections for vulnerable groups; the FDIC, SEC, FHA, and FNMA to supervise banks, Wall Street, mortgage loans, and housing; and the Federal Communications Commission to establish standards for radio and television communication.
If those names and acronyms are difficult to remember, you aren’t alone: Roosevelt introduced so many new programs during the first three months of his presidency that his initiatives were nicknamed “alphabet soup.”
Implemented under the direction of President Franklin D. Roosevelt, New Deal legislation broke from the American tradition of laissez-faire government.
Rather than continue the “hands off” economic approach used by presidents before him, Roosevelt believed government interference was necessary to help the economy recover.
With programs like the Public Works Administration, National Recovery Administration, and Tennessee Valley Authority, the New Deal bolstered the American economy by creating jobs and regulating struggling industries.
It also established worker protections by setting a minimum wage and maximum hours and solidifying the rights of unions.
Though many New Deal programs were gutted or removed after Roosevelt’s presidency, a few are still active in the United States: the Social Security Act, providing a national pension system and financial protections for vulnerable groups; the FDIC, SEC, FHA, and FNMA to supervise banks, Wall Street, mortgage loans, and housing; and the Federal Communications Commission to establish standards for radio and television communication.
If those names and acronyms are difficult to remember, you aren’t alone: Roosevelt introduced so many new programs during the first three months of his presidency that his initiatives were nicknamed “alphabet soup.”