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New Deal

Definition

The New Deal was a series of domestic programs and policies implemented by President Franklin D. Roosevelt in response to the Great Depression. It aimed to provide relief, recovery, and reform through government intervention in various sectors such as banking, industry, agriculture, and employment.

Analogy

Think of the New Deal like a rescue package given to a sinking ship. Just like how people come together with resources and strategies to save a sinking ship, the New Deal was an effort by the government to rescue the sinking economy during the Great Depression.

Related terms

Social Security Act: The Social Security Act is one of the key components of the New Deal. It created a social insurance program providing financial assistance to retired workers, disabled individuals, and families affected by unemployment or death.

Tennessee Valley Authority (TVA): The TVA was another important initiative under the New Deal. It aimed to improve economic conditions in rural areas by developing hydroelectric power projects, controlling floods, improving navigation along rivers, and promoting soil conservation.

Works Progress Administration (WPA): The WPA was part of FDR's New Deal policies. It provided jobs for millions of unemployed Americans through public works projects such as building roads, bridges, schools, parks, and airports.