what was the aim of "the new deal" announced by the president of usa
Answers
Answer:
Explanation:
The programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels, and reform of the financial system to prevent a repeat depression.
The New Deal was the US Presidential Government National Program.
Franklin D. Roosevelt (FDR) significantly expanded the range of federal government activities from 1933 to 1939 with immediate economic relief and industrial, agricultural, financial, hydropower, labor and housing reforms.
The New Deal is a series of domestic policies enacted under President Franklin D. Roosevelt, which dramatically expanded the federal government's role in the economy in response to the Great Depression. It wasn't the New Deal that ultimately brought the United States out of the Great Depression, but the huge military spending of World War II.
The New Deal has created a broad federal government program aimed at providing financial relief to suffering people, regulating private industry and stimulating the economy. New Deal is often grouped into "Three Rs ":-
1). Relief ( for unemployed persons )
2). Recovery ( of the economy )
3). Reform ( of capitalism )
Roosevelt's New Deal significantly expanded the size and scope of the federal government and by doing so it fundamentally reshaped American political culture on the principle that the government was responsible for the welfare of its citizens. One historian said: "Before the 1930s, the political debate in countries revolved around the question of whether the federal government should intervene in the economy. After the New Deal, the question was how he should intervene.
The First New Deal (1933-1934)
The first New Deal began in a whirlwind of legislative action called the "First Hundred Days." From March to June 1933, at the request of Roosevelt, Congress introduced a new law and regulation, "Alphabet Soup," specifically aimed at addressing banking crises, unemployment and inefficiencies.
Some important aims were :-
1). The Agricultural Adjustment Act (AAA) has pushed up farmers' prices by giving them government subsidies to reduce production.
2). The Civilian Conservation Corps (CCC) has hired a young single man to work on federal-funded land.
3). Federal Emergency Relief Act (FERA). It provided government subsidies to states that fund civil servant salaries, and provided poor people with local soup kitchens and other direct assistance programs.
4). The National Industrial Reconstruction Act (NRA) raises corporate interests and workers wages by setting prices and wages and setting industry-specific standards that guarantee workers' right to join an organisation's union.
5). The Federal Deposit Insurance Corporation (FDIC) guarantees individuals that if Bank goes out of business, the funds deposited at the Bank will be returned by the Federal Government.
In 1934, Roosevelt supported the passage of the Securities and Exchange Commission (SEC). This has brought significant federal oversight and regulation to the stock market.
The Second New Deal (1935-1938)
The second phase of the New Deal focused on improving labour protection and building lasting financial security for Americans. The four most notable laws are:
1). The Works Progress Administration (WPA) has hired millions of Americans on public works projects, from building bridges and roads to painting murals and writing plays.
2). Wagner Labour Relations Act. This guarantees the right of workers to form unions and bargain collectively.
3). Social security law. It requires workers and employers to donate to the Social Security Trust Fund via payroll tax. The fund pays monthly to retirees aged 65 and over and people with long-term disability.
4).The Fair Labor Standards Act requires 40 hours a week (overtime is one and a half hours), sets a minimum wage per hour, and limits child labor
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