NEW DEAL Meaning and
Definition
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The term "New Deal" refers to a series of domestic policies implemented by President Franklin D. Roosevelt in the United States during the Great Depression, which lasted from 1929 to the late 1930s. It aimed to revive the nation's economy, provide relief to millions of Americans suffering from unemployment and poverty, and reform various aspects of the country's socio-economic structures. The New Deal represented a radical departure from previous government policies, as it marked a significant expansion of federal intervention in the economy and the establishment of various social welfare programs.
The policies introduced under the New Deal encompassed a wide range of initiatives, including infrastructure development projects, financial reforms, and social welfare programs. The government actively engaged in public works projects, such as the construction of roads, bridges, schools, and hospitals, in order to stimulate employment and economic growth. It also implemented financial regulations and securities reforms to prevent future economic crises.
Furthermore, the New Deal brought about significant changes in the labor market, as it established minimum wage laws, collective bargaining rights for workers, and standards for working conditions. The Social Security Act, one of the most enduring legacies of the New Deal, introduced a system of benefits for retired and disabled individuals, as well as unemployment insurance.
The New Deal is widely regarded as a turning point in American history, as it had a profound impact on the role of the government in the economy and set the foundation for the modern welfare state.
Common Misspellings for NEW DEAL
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Etymology of NEW DEAL
The word "New Deal" originated in the United States in the early 1930s during the presidency of Franklin D. Roosevelt. It referred to a series of economic programs and reforms implemented by his administration in response to the Great Depression. The phrase "New Deal" was coined by Roosevelt himself during his acceptance speech for the Democratic Party's presidential nomination in 1932. He said, "I pledge you, I pledge myself, to a New Deal for the American people". The term was intended to convey a sense of optimism for the future and a departure from the policies of the previous administration, hence the use of the word "new". The word "deal" in this context refers to a plan or a set of policies, often with implications of negotiation and action.
Similar spelling words for NEW DEAL
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