New Deal reform

Definition

The New Deal reform refers to a series of programs and policies implemented by President Franklin D. Roosevelt during the 1930s in response to the Great Depression. It aimed to provide relief, recovery, and reform for the American economy and society.

Related terms

Great Depression: A severe economic downturn that lasted from 1929 to the late 1930s, characterized by high unemployment rates, widespread poverty, and a significant decline in industrial production.

Social Security Act: A key component of the New Deal reform, it created a system of social insurance that provided financial assistance to elderly retirees through regular payments funded by workers' payroll taxes.

Public Works Administration (PWA): An agency established under the New Deal that focused on infrastructure projects like building roads, bridges, dams, schools, and hospitals. It aimed at creating jobs while improving public facilities.