Definition of New Deal:
The economic measures introduced by President Franklin D. Roosevelt in 1933 to counteract the effects of the Great Depression. It involved a massive public works program, complemented by the large-scale granting of loans, and succeeded in reducing unemployment by between 7 and 10 million.
A series of economic policies introduced by President Franklin D. Roosevelt after the Great Depression left the U.S. economy in a dismal state. The programs were implemented to provide relief to millions of Americans that were stuck in a state of poverty as a result of the Great Depression. The various programs were rolled out over five years (1933-1938) and covered a range of items including labor, bank, and relief reforms. The New Deal had many opponents who felt the programs implemented built up the power held by the government and promoted capitalism. With the start of World War II, the programs created by the New Deal became practically unnecessary as GNP and unemployment rates improved drastically as men became soldiers and women took over jobs previously held by the men.
How to use New Deal in a sentence?
- President Franklin D. Roosevelts New Deal was revolutionary in changing the economic climate in the 1930s, without it the depression would have lasted a great deal longer.
- The federal relief that was brought about by the New Deal in the 1930s helped my grandparents realize their dream of becoming business owners.
- One of the many programs in President Franklin Roosevelts New Deal initiative was the CCC (Civilian Conservation Corps) which built many buildings and trails in many parks, which people are using and enjoying today.
Meaning of New Deal & New Deal Definition