New Deal
Helping the world out
Definition:
A set of policies formulated by Roosevelt to alleviate the problems of the Great Depression.
Characteristics:
The New Deal focused on three general goals which were relief for the needy, economic recovery, and financial reform.
Examples:
- Expanded governments roll in economy
- Carry out reforms in banking and finance
- Closed all banks of March 5th to stop further debt
- Passed Emergency Banking Relief Act
- Those who needed help could receive loans
Non-Examples:
Letting to poor/needy suffer, not doing anything to help the economy, and no financial reform would all be non-examples of the New Deal.