The New Financial Deal

The New Deal was a series of economic programs and reforms implemented by President Franklin D. Roosevelt in the 1930s to address the Great Depression. It aimed to stabilize markets, create jobs, and support struggling Americans through government intervention. Key features included financial reforms like banking regulations, new public work projects to reduce unemployment, social security to aid the elderly, and efforts to regulate industry and agriculture. The New Deal fundamentally expanded the government's role in the economy to promote recovery and prevent future economic collapses.