During the years 1933-36 President Franklin Delano Roosevelt initiated a number of economic programs under the name of “The New Deal”. He launched an incredible campaign for employment of the unemployed and strengthening the public's faith in the necessity of such reforms. He carried out reforms in the regulation of business and finance, banking and economic recovery during the Great Depression.
The First New Deal (1933-34), was aimed at the implementing short-term programs to establish various agencies and institutions (Alphabet Agencies), operating under the control of the Roosevelt administration. The Roosevelt administration has passed the laws to reform the banking sector, programs of assistance to different groups of the population and the unemployed, programs for the development of agricultural production, and also took the decision to abolish the gold standard and to refuse of the law on the prohibition of alcoholic beverages ("Prohibition"). Many elements of the New Deal were responses to the challenges of the time, others were experimental, and were tested in practice.
The Second New Deal in 1935, declared by Roosevelt, included support to trade unions, the program of population assistance, social insurance and social security, aid to farmers, including farm workers and migrants. At the same time, the substantial assistance of the Roosevelt administration was given to the development of culture and art. The New Deal was almost completed in the period of World War II. Nevertheless, some of these programs operate in the present. However, in the 1970-80s some of them were changed, but the rest currently act under the same names as established during the New Deal, including "Federal administration of housing construction", “The Federal Deposit insurance program" and others.
The New Deal indicated a significant change in the internal politics of the United States, which paid great attention to the role of the Federal government to control business and monetary circulation, and regulation of prices for agricultural products. The Second New Deal of President Roosevelt was also the beginning of the realization of the complex of measures on social programs and the expansion of the role of trade unions and the public in making new laws.
In his appeals to the American people, Roosevelt persuaded them to believe in the realization of the American dream – a dream that America soon after that was able to propagate throughout the world.
During the years 1933-36 President Franklin Delano Roosevelt initiated a number of economic programs under the name of “The New Deal”. He launched an incredible campaign for employment of the unemployed and strengthening the public's faith in the necessity of such reforms.