New Deal

Search Dictionary

Definition of 'New Deal'

The New Deal was a series of programs, public work projects, financial reforms, and regulations enacted by the United States government in the 1930s in response to the Great Depression. It was the largest and most ambitious social and economic program in the history of the United States. The New Deal had a major impact on American society, and its legacy continues to this day.

The New Deal was enacted by President Franklin D. Roosevelt in an effort to stimulate the economy and create jobs. The programs included public works projects such as the construction of roads, bridges, and dams; financial reforms such as the Glass-Steagall Act, which separated commercial and investment banking; and social programs such as Social Security, which provided financial assistance to the elderly, the unemployed, and the disabled.

The New Deal had a mixed record of success. Some of the programs were effective in stimulating the economy and creating jobs, while others were less successful. However, the New Deal did have a major impact on American society. It helped to create a more active role for the federal government in the economy, and it established a number of social programs that continue to provide assistance to millions of Americans.

The New Deal is often credited with helping to end the Great Depression. However, it is important to note that the economy began to recover before the New Deal was fully implemented. It is also important to note that the New Deal did not end the Great Depression. The economy continued to struggle for several years after the New Deal was enacted.

The New Deal is a complex and controversial program. It has been praised for its efforts to help Americans during the Great Depression, but it has also been criticized for its size and scope. The New Deal remains a topic of debate among historians and economists today.

Here are some of the key features of the New Deal:

* The New Deal was a massive program that involved a wide range of government agencies, programs, and regulations.
* The New Deal was designed to stimulate the economy and create jobs.
* The New Deal had a major impact on American society.
* The New Deal is a complex and controversial program.
* The New Deal remains a topic of debate among historians and economists today.

Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.

Is this definition wrong? Let us know by posting to the forum and we will correct it.