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FDR's Economic Philosophy / The New Deal | by Tony Fischer Photography
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FDR's Economic Philosophy / The New Deal

FDR's economic program was called "The New Deal".

 

The New Deal was the title that United States President Franklin D. Roosevelt gave to a sequence of programs he initiated between 1933 and 1938 with the goal of giving relief to the poor, reform of the financial system, and recovery of the economy during The Great Depression.

 

The "First New Deal" of 1933 aimed at short-term recovery programs for all groups. The Roosevelt administration promoted or implemented: banking reform laws, emergency relief programs, work relief programs, and agricultural programs.

 

A "Second New Deal" (1935–36) included: union protection programs, the Social Security Act, and programs to aid tenant farmers and migrant workers. The Supreme Court ruled several programs unconstitutional; however, some parts of these were soon replaced, with the exception of the National Recovery Administration).

 

Several New Deal programs remain active with some still operating under the original names, including the: Federal Deposit Insurance Corporation (FDIC), the Federal Housing Administration (FHA), and the Tennessee Valley Authority (TVA). The largest programs still in existence today are the Social Security System and Securities and Exchange Commission (SEC).

 

"The test of our progress is not whether we add more to the abundance of those that have much; It is whether we provide enough for those who have too little".

 

Let's consider that and compare it with the attitudes we hear far too often today - just a suggestion.

   

Seen at the FDR Memorial, Washington D.C.

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Taken on August 25, 2008