What were the economic policies of President Franklin D. Roosevelt's New Deal during the Great Depression?

History The Great Depression Questions



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What were the economic policies of President Franklin D. Roosevelt's New Deal during the Great Depression?

The economic policies of President Franklin D. Roosevelt's New Deal during the Great Depression aimed to provide relief, recovery, and reform. The New Deal included various programs and initiatives to address the economic crisis, such as the creation of the Civilian Conservation Corps (CCC) to provide employment for young men, the establishment of the Works Progress Administration (WPA) to create jobs in public works projects, and the implementation of the Social Security Act to provide a safety net for the elderly and unemployed. Additionally, the New Deal introduced financial reforms, such as the creation of the Federal Deposit Insurance Corporation (FDIC) to protect bank deposits and the Securities and Exchange Commission (SEC) to regulate the stock market. Overall, the New Deal sought to stimulate the economy, provide relief to those in need, and implement long-term reforms to prevent future economic crises.