New+Deal

An economic plan created by Franklin Delano Roosevelt to pull the United States out of the depths of the Great Depression. It was a precursor to the modern welfare state run by the US government. Gave unemployed people jobs through government works projects. (EG: Civilian Conservations Corps, Tennessee Valley Authority, Hoover Dam, etc.) Developed Social Security system, which aided the elderly to allow them to continue to function in the economy. Also established the FDIC (The Federal Deposit Insurance Corporation) to provide economic stability and prevent another banking crisis. Ushered in period of rapid growth, but did not establish a full welfare state or pull the US completely out of the depression. But it restored morale and confidence in the US political system.

Sources:
 * [|Wikimedia Commons] (Image)

Created by: Charlie & Dirk (May 19, 2009)