The New Deal & 3 R's
The New Deal was formed by President Roosevelt in response to the Great Depression. It was a series of social, economic and governmental reforms initiated from 1933 to 1938. Roosevelt thought the country needed three things to survive properly. Those three things were relief, reform, and recovery. The New Deal focused on providing relief to unemployed Americans while promoting economic recovery and reforming the US finance system to prevent the Great Depression from returning.
Relief
Roosevelt established two major relief programs. One was the Civilian Conservation Corps (CCC). This program took place from 1933 to 1941 in the United States. It was created for unemployed, unmarried men from the ages of 17 to 28. The program provided unskilled manual labor jobs in rural lands owned by federal, state and local governments. The maximum enrollment was 300,000 at a time. In the nine years, 2.5 million young men particiapated in the CCC. Another major reform was the Works Progress Adminastration (WPA). It was created on May 6, 1933. At one point, the WPA was the nation’s largest employer. Nearly every community in the USA had something in the community built by the WPA.
Recovery
One of FDR's recovery reform included the Agricultural Adjustment Act (AAA). This program put taxes on food and gave the money to the farmers. Another recovery reform was "Pump - Priming". It was a temporary programs to restart the flow of consumer demand. These recovery programs slowly helped America get back on track after the Great Depression.
Reform
Roosevelt implemented many programs of reform to provide America with greatness. Some of them included social security, raising the taxes of the wealthy, and new control on banks. Social security helped all citizens unable to work and provided them with money to stay afloat. Raising taxes on the wealthy was a way to develop and bring in more money for the economy. When Herbert Hoover left office, banks were failing everyday. When FDR became president, he shut down all national banks so that the Federal Reserve could strengthen them and restore confidence in the banking system. To ensure that a crisis such as this would never happen again, the FDIC (Federal Deposit Insurance Cooperation was created. This guaranteed the citizens that they would not lose their money even if the banks were to fail again. This way, Americans would no longer have the fear of losing all of their savings due to a bank crash.