The severity of the Great
Depression turned government away from a policy of laissez faire (no government interference in the economy) to one of a regulated capitalism.

FDR AND THE NEW DEAL
• President Franklin Roosevelt won election in
1932 on a promise to help the national economy and the people in need. His New
Deal legislation ushered in an unprecedented era of government “relief, recovery, and reform” programs

RELIEF PROGRAMS
New Deal measures -
• Provided some immediate relief for people through the creation of jobs in the Civilian
Conservation Corporation (CCC), Works
Progress Administration (WPA), Public
Works Administration (PWA), and National
Youth Administration (NYA).

RECOVERY
•
Restored trust in the banking system with the Federal
Deposit Insurance Corporation (FDIC) and bank holiday.
• Established business codes of conduct and labor rights - National Relief Administration and
National Labor Relations Board (NRA/NLRB).
• Established Tennessee Valley Authority (TVA), providing electricity to the Appalachian region as well as jobs for thousands

REFORM
The Securities and Exchange Commission regulates the buying and selling of stocks and bonds in an effort to protect the public from bogus stock and inside trading.
• Social Security programs still provide handicapped and survivors’ benefits and retirement funds.

NEW DEAL PROGRAM STILL IN
EXISTENCE TODAY
• Federal Deposit Insurance
Corporation
• The Securities and Exchange
Commission
• Social Security programs
• Tennessee Valley Authority (TVA
)