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.