What were the main goals of Franklin D. Roosevelt's New Deal?
2 Answers | Add Yours
The main goals of the New Deal can be expressed in three words: Relief, Recovery, and Reform. The New Deal hoped to provide Relief from the suffering caused by the Great Depression. This was accomplished by the Bank Holiday and removing America from the Gold Standard. Recovery was to put the country back to work and restore the confidence of the American people. Programs such as the Civilian Conservation Corps, which put young men to work, and the Works Progress Administration were for this purpose. Also important here was the Tennessee Valley Authority which built dams for the production of electricity in poverty stricken areas of Appalachia. The final goal, reform, was to prevent this from happening again. Among the efforts towards recovery were the Glass-Stegall Act which created the Federal Deposit Insurance Corporation; the Social Security Act which provided income for elderly and disabled Americans, and the Federal Securities Act which required disclosure of important information regarding stocks and bonds before they were offered for sale.
After the devastation of the Great Depression, President Franklin D. Roosevelt (FDR) brought about a series of reforms, commonly referred to as the "New Deal." The main goals of the New Deal were"
- to provide assistance to millions of needy (poor and unemployed) Americans (relief)
- to return the economy back to its normal level (recovery)
- to enact laws to eradicate poverty and unemployment to prevent a repeat of the Great Depression (financial reform)
These were known as the three "R"s: Relief, Recovery, and Reform. One of the key reforms was the Emergency Banking Act, under which banks were closed for inspection and to reinstate the public's faith in the banking system. Another important step was providing jobs to millions of unemployed by undertaking infrastructure development projects and enacting the Social Security Act to provide welfare security to retirees and the unemployed.
Join to answer this question
Join a community of thousands of dedicated teachers and students.Join eNotes