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labwork [276]
3 years ago
10

PLEASE HELP THIS IS VERY IMPORTANT!!

History
1 answer:
lukranit [14]3 years ago
8 0

Answer:

Yes, New Deal worked to assist the people and the economy during the Great Depression.

Explanation:

The New Deal Program initiated by President Franklin D Roosevelt as a counter measure to the Great Depression of 1930s was one of the most remarkable initiative undertaken by the government to revive the American economy. It consisted of a series of programs which revolved around the philosophy of government intervention in the economic lives of the people and the country.

Both the First New Deal (1933-1934) and the Second New Deal (1935-1938) aimed at enhancing federal government intervention in providing relief to the people, recovery of the dilapidated economy and reforming the exiting economic policies.

With policies such as The Federal Relief Act, The National Recovery Act, The Social Security Act, etc, the government assisted the people from poverty and loss of jobs and businesses. The program also withdrew inspiration from John Maynard Keynes' concept of 'increase of government spending in order to increase purchasing power of the consumers which in return would increase the flow of money in the economy'.

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