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Learn how President Franklin D. Roosevelt implemented the New Deal programs to provide relief, recovery, and reform during the Great Depression. Discover the key programs and their impact on the U.S. economy.
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How did President Franklin D. Roosevelt attempt to combat the Great Depression? Notes #48
During the Great Depression, President Franklin D. Rooseveltattempted to provide relief, recovery, and reform to the U.S. economy through a series of programs called the New Deal.
These programs changed the U.S. economy by increasing government involvement in business and labor.
1.Civilian Conservation Corps (1933), Works Progress Administration (1935): provided jobs for unemployedworkers. Civilian Conservation Corps (CCC) (1933) Works Progress Administration (WPA) (1935)
2.Tennessee Valley Authority (1933): provided aid to the Tennessee Valley region of the U.S. Tennessee Valley Authority (TVA) (1933)
3.Agricultural Adjustment Act (1933): paid farmers to take land out of production. Agricultural Adjustment Act (AAA) (1933)
4.National Labor Relations Act (Wagner Act) (1935): legalized collective bargaining for labor unions. National Labor Relations Act (1935)
5.Fair Labor Standards Act (1938): set a national minimum wage and a maximum work week. Fair Labor Standards Act (1938)
6.Social Security Act (1935): provided benefits to retired and unemployed workers, and aid to dependent children, the disabled, and the elderly. Social Security Act (1935)
7.Federal Deposit Insurance Corporation(FDIC) (1933): insured savings accounts in banks. Federal Deposit Insurance Corporation (FDIC) (1933)
8.Securities and Exchange Commission(SEC) (1934): regulated stock market activities. Securities and Exchange Commission (SEC) (1934)
The creation of theFDIC and the SEC attempted to restore public confidence in financial institutions. Roosevelt’s fireside chats