The New Deal
The New Deal consisted of a series of programs enacted between 1933 and 1938. The New Deal was created
to end The Great Depression which started on what people called a "Black Tuesday" October 29, 1929-1939.
While people still debate today whether The New Deal was for the better of America or whether it wasn't many can
argue that even with it's disadvantages it still got America out of the huge economic slump it was in. President
Franklin D. Roosevelt, who was elected in March 1933, immediately began to take action after his election. He
wanted to address the problems of unemployment, homelessness, and the nation's economic crisis. The goals of
The New Deal were clear to Franklin. Three simple goals
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Relief. The first act to be
passed in 1933 was the Emergency Banking Act. This act was created to help banks reopen on the condition of
being financially stable. Just after three days more than five thousand banks had been reopened to the public. The
second act that was passed was called the Federal Emergency Relief Act. The goal of this act was to provide work
for employable people on the relief rolls, have a variety of relief programs, and to provide grants from the federal
government that helped projects of agriculture, arts, construction, and education. The Public Works Administration
Act was created to provide employment, stabilize purchasing power, and help revive the economy. The Civilian
Conservation Corps Act was also another act passed in 1933. It's goal was to promote environmental conservation
and to build good citizens through vigorous, disciplined outdoor labor. Franklin supported this act because he
believed it would keep youth off the city street corners. It mainly consisted of camps called the CCC camps where
men were kept under the control of the army who operated the camps. The last act that was created in 1933
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Three acts were passed during 1933. The National
Recovery Act, The Agricultural Adjustment Act, and The Home Owner's Loan Corporation. The National Recovery
Act was passed by congress to give authorization to the president to regulate industry. The Agricultural Adjustment
Act was passed to reduce crop surplus and effectively raise the value of crops. The Home Owner's Loan
Corporation Act. This act was passed to refinance home mortgages in default to prevent foreclosure. The Federal
Housing Administration Act which was passed in 1934 created our current financial mortgaging system. In 1937
another Agricultural Adjustment Act was created.
REFORM. Franklin's third goal was to create a reform of the financial system. (Banks and the stock