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Franklin D. Roosevelt's New Deal

Definition

The New Deal was a series of economic policies and social reforms implemented by President Franklin D. Roosevelt in response to the Great Depression. It aimed to provide relief, recovery, and reform through government intervention.

Analogy

Think of the New Deal as a superhero swooping in to save the day during tough times like the Great Depression. Just like how a superhero uses their powers to help people in need, FDR used government policies to assist the struggling economy.

Related terms

Great Depression: A severe worldwide economic downturn that lasted from 1929 to the late 1930s, characterized by massive unemployment, bank failures, and a general decline in industrial production.

Laissez-faire economics: An economic system where the government minimally interferes with businesses and allows free market forces to determine prices and production.

Government intervention: The act of the government getting involved in economic affairs through policies such as regulations or spending programs.