New Deal

The New Deal was the title President Franklin D. Roosevelt gave to the series of programs he initiated between 1933 and 1938 with the goal of providing relief, recovery, and reform (3 Rs) to the people and economy of the United States during the Great Depression.

Dozens of alphabet agencies were created as a result of the New Deal. Historians distinguish between the "First New Deal" of 1933, which had something for almost every group, and the "Second New Deal" (1935–36), which introduced class conflict, especially between business and unions. Opponents of the New Deal, complaining of the cost and increase in federal power, stopped its expansion by 1937 and abolished many of its programs by 1943. The Supreme Court of the United States ruled several programs unconstitutional (some parts of them were soon replaced, except for the National Recovery Administration). The main New Deal programs still in existence today are Social Security and the Securities and Exchange Commission (SEC) - the primary regulator of Wall Street.