How was the New Deal characterized?

History

1 answer:

Crazy boy [7]1 year ago

5 0

Answer:

See explanation :)

Explanation:

The New Deal was characterized by 3 R's: Relief, Recovery, and Reform. Post World War I, the nation was plagued by the worst recession in history: The Great Depression. Introduced by Democratic President Frankin Roosevelt, it brought huge economic changes to the nation under various programs that ultimately helped bring the nation closer to the end of the Great Depression. (However, the depression would only end with the beginning of World War II)

Relief:

Relief groups together various acts that aimed to offer relief to the unemployed. For example, the Federal Emergency Relief gave money to those in need. This also included adminsitrations like the Public Works Administration and the Civilian Conservation corps that further offered the unemployed payments and new opportunities.

Recovery:

Recovery aimed to recover the economy and bring it back to post-recession times. This was demonstrated by programs such as the National Recovery Act and Federal Housing Administration. These acts of stimulus with huge amounts of government spending aimed to encourage consumer spending and allow the economy to recover.

Reform:

Reform refers to the programs that FDR employed to strengthen the economy and change the existing weaknesses. He did this through acts such as the Social Security Act which would act as a self-correcting system during small recessions or inflationary gaps. Other legislature included the Fair Labor Act, Security Exchanges Act, etc.

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