- After the 1929 Wall Street Crash
-
Three R’s
- Relief
- Recovery
- Reform
First New Deal (1933-1934)
- Restructuring the economy
- Relief to banks after crash
Second New Deal (1935-1938)
- Relief for farmers
-
Federal work programs
- e.g. WPA (Works Progress Administration)
- Jobs for 3.5 million unemployed during its peak in 1938
- Built over 620,000 miles of streets
- Over 10,000 bridges, many airports, lots of housing
- Developed social security for the elderly
-
Tennessee Valley Authority (TVA) provided electricity to the South
- Electric utility company
- Built hydroelectric dams along the Tennessee River
- Created FDIC for bank insurance