The focused on regulating the banks, stock market, debt

The New Deal was a series of policies identified with
Relief, Recovery and Reform to help with the effects of the Great Depression. This
took place during the presidency of Franklin D. Roosevelt. The New Deal was separated
into two parts, the first and second deal. The First New Deal included national
laws and programs that were created throughout the 30’s. The Second New Deal took
place the period in the late 30’s and focused on social reform to help quicken the
process of the nation’s recovery. The New Deal programs helped Americans and
provided jobs for many.

The ‘Three R’s’ were first introduced by President
Roosevelt during the Great Depression to address the apparent problems of unemployment
and economic catastrophe. Roosevelt’s Three R’s were immediate, momentary or
permanent actions and reforms. Also known as Roosevelt’s New Deal. The Relief,
Recovery and Reform programs were started by a sequence of policies that were
passed during the 1930’s. The first group was called the “Alphabet Soup
Agencies”. The programs mainly focused on regulating the banks, stock
market, debt relief, farms, industrial recovery and introducing public construction

We Will Write a Custom Essay Specifically
For You For Only $13.90/page!

order now

Roosevelt began his presidency by introducing several
acts within the first 100 days of his term. The purpose of these acts were to
help America in a time of need.  The
first few acts played a very important role. The Emergency Banking Act closed
all banks for several days. While the Banks were closed they were being examined
and only those that were financially secure were able to open again.  According to C.N Trueman (2015), In 1933 Roosevelt
introduced the Economy Act which cut the pay of government and military
employee by 15%. Government budgeting was also cut by 25% which ultimately
saved $1 billion for America.

Along with the other acts I mentioned Roosevelt also
created the Agriculture Adjustment Act. It consisted of the demolition of crops
which led to the price increase on food. Crop prices doubled and farmers were
paid in compensation to reduce product value or to remove land from farming.  The Farm Credit Act (FCA) was also among the
many acts passed by Roosevelt. It provided credit at low rates for farmers so
they could remain to maintain their farms. It is an administration that
regulates all things related to the farm credit system. This allowed for
farmers to keep their farms and they were finally able to afford to keep working.
In addition to this Roosevelt introduced the National Recovery Administration
(NRA). The purpose of National Recovery Administration was to make aware of the
crisis going on. Roosevelt did this by putting a strain on antitrust laws and allowing
the government, businesses and industry to work with on another. This included
voluntary business codes and rules of fair competition. The codes addressed
issues such as working hours, productivity, minimum wage, and prices. The NRA tested
the policies but it didn’t meet as many goals as expected. In 1935 it was stated
unconstitutional by the Supreme Court.

In all, there were many Americans that didn’t benefit
from the new deal, and there were many that did. The New Deal helped out a lot of
Americans and provided jobs for millions of people. It also helped with ending the
Great Depression. The policies played a huge role at the point in time. Even today
there are many New Deal policies that America still continues to use.