New Deal Reforms
Definition
The New Deal Reforms refer to a series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1939. These were responses to the Great Depression aiming to provide relief for the unemployed and poor, recovery of the economy, and reform of the financial system.
Analogy
Think of the New Deal Reforms as a toolbox full of different tools (programs) that were used to fix a broken car (the US economy during the Great Depression). Each tool had a specific purpose - some provided immediate relief (like jump-starting a dead battery), while others aimed at long-term fixes (like changing worn-out parts).
Related terms
Social Security Act: This is one key part of the New Deal reforms which established an old-age pension system and unemployment insurance.
Works Progress Administration (WPA): Another program under the New Deal that provided jobs for millions of unemployed Americans during the Great Depression.
Federal Deposit Insurance Corporation (FDIC): A significant reform from this era that insured bank deposits up to a certain amount, aiming to restore trust in banks.
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