New Deal

Definition

The New Deal was 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. It aimed to provide relief for the unemployed and poor, recovery of the economy during the Great Depression, and reform of the financial system to prevent a repeat depression.

Related terms

Relief Programs: These are government policies intended to support those in need; in this context, they were part of the New Deal's strategy to help those most affected by the Great Depression.

Public Works Administration (PWA): This was a large-scale public works construction agency in the U.S., part of Roosevelt's New Deal. It built large-scale public works such as dams, bridges, hospitals, and schools.

Securities Exchange Commission (SEC): Established by U.S.'s federal government during Roosevelt's presidency as part of his New Deal program. Its goal is to regulate stock exchanges and prevent corporate abuses relating to offering and selling securities.