History The Great Depression Questions
President Franklin D. Roosevelt's Third New Deal during the Great Depression focused on implementing various economic policies to stimulate the economy and provide relief to those affected by the crisis. Some key policies included:
1. The Works Progress Administration (WPA): This program aimed to create jobs by funding public works projects such as building roads, bridges, and schools. It provided employment opportunities for millions of Americans.
2. The Social Security Act: This act established a system of social insurance, providing financial assistance to the elderly, unemployed, and disabled. It created a safety net for vulnerable individuals and families.
3. The National Labor Relations Act (NLRA): Also known as the Wagner Act, this legislation protected workers' rights to organize and bargain collectively. It aimed to balance power between employers and employees and promote fair labor practices.
4. The Rural Electrification Administration (REA): This program aimed to bring electricity to rural areas by providing low-cost loans to electric cooperatives. It aimed to improve living conditions and stimulate economic development in rural communities.
5. The Securities and Exchange Commission (SEC): This regulatory agency was established to oversee and regulate the stock market, aiming to prevent fraudulent practices and restore investor confidence.
Overall, these policies aimed to provide relief, recovery, and reform, addressing the economic challenges of the Great Depression and laying the foundation for a more stable and equitable economy.