what was the new deal during the great depression
New Deal The New Deal was a series of federal programs, public work projects, financial reforms and regulations enacted in the United States during the 1930s in response to the Great Depression. Some of these federal programs included the Civilian Conservation Corps (CCC), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).[1][2][3][4][5] These programs included support for farmers, the unemployed, youth and the elderly as well as new constraints and safeguards on the banking industry and changes to the monetary system. Most programs were enacted between 1933–1938, though some were later. They included both laws passed by Congress as well as presidential executive orders, most during the first term of the presidency of Franklin D. Roosevelt. The programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels and reform of the financial system to prevent a repeat depression.[6] The New Deal produced a political realignment, making the Democratic Party the majority (as well as the party that held the White House for seven out of the nine presidential terms from 1933–1969) with its base in liberal ideas, the South, traditional Democrats, big city machines and the newly empowered labor unions and ethnic minorities. The Republicans were split, with conservatives opposing the entire New Deal as an alleged enemy of business and growth and liberals accepting some of it and promising to make it more efficient. The realignment crystallized into the New Deal coalition that dominated most presidential elections into the 1960s while the opposing conservative coalition largely controlled Congress from 1939–1964.
Paris Peace Accords
New Deal The Glass–Steagall Act limited commercial bank securities activities and affiliations between commercial banks and securities firms to regulate speculations. It also established the Federal Deposit Insurance Corporation (FDIC), which insured deposits for up to $2,500, ending the risk of runs on banks.[43] This banking reform offered unprecedented stability: While throughout the 1920s more than five hundred banks failed per year; it was less than ten banks per year after 1933.[44]
Great Depression in the United States The Depression caused major political changes in America. Three years into the depression, President Herbert Hoover, widely blamed for not doing enough to combat the crisis, lost the election of 1932 to Franklin Delano Roosevelt in a landslide. Roosevelt's economic recovery plan, the New Deal, instituted unprecedented programs for relief, recovery and reform, and brought about a major realignment of American politics.