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How Did The New Deal Influence The Economy

275 Words2 Pages
Some of the major policy measures of FDR's New Deal was to provide relief, recovery, and reform to the nation's economic institutions. The New Deal in America changed the role of American government involvement in the economy completely. The American economy had failed after years of governmental non-intervention. Before the New Deal, the government had essentially no role in steering the economy or in providing for the people.
Before the New Deal, the government was expected to be present, but had a hands off approach. It was supposed to just stay out of the way and let the economy rise or fall naturally. If people were too old to work, they needed to rely on the help of family to survive. If a bank failed, then its depositors were just
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