First New Deal
Definition
The first set of economic reforms introduced between 1933-34 by President Franklin D. Roosevelt in response to the Great Depression. These included banking reform laws, emergency relief programs, work relief programs, and agricultural programs.
Analogy
Imagine you're playing a video game and your character is low on health points (HP). The First New Deal is like using a health potion - it doesn't solve all your problems but it stabilizes your character so you can keep going.
Related terms
Banking Crisis 1933: A financial crisis at the start of Roosevelt's presidency where many banks failed due to lack of confidence from bank customers who feared for their deposits.
Civilian Conservation Corps (CCC): One part of the First New Deal which provided jobs in natural resource conservation for young unemployed men.
Agricultural Adjustment Act (AAA): Another part of the First New Deal, this act paid farmers to reduce production in order to raise crop prices and stimulate economic recovery.
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