Question

What were the three R's of FDR's New Deal?

Answer 1

Hint: Between 1933 and 1939, President Franklin D. Roosevelt implemented a series of programmes, public works projects, structural reforms, and regulations known as the New Deal. Farmers, the unemployed, the youth, and the elderly were all helped. The New Deal imposed new restrictions and safeguards on the banking industry, as well as efforts to re-inflate the economy following a sharp drop in prices.

Complete answer:
The Three R's of the New Deal were:
1. Relief
2. Recovery
3. Reforms

- Relief was intended to provide temporary assistance to the millions of unemployed Americans during the Great Depression. People were given government-funded jobs by federal organisations such as the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) in order to provide them with a paycheck while also attempting to stimulate the economy.
- Recovery appeared to aid the economy's recovery from depression. Farmers and industries were paid to reduce production under the Agricultural Adjustment Act and the National Industrial Recovery Act, among other things, in order to raise prices for these businesses.
- Reforms were aimed at eradicating the causes of the depression and preventing a repeat of the Great Depression. The Federal Deposit Insurance Corporation (FDIC) was established in order to prevent future bank failures. Furthermore, the Securities and Exchange Commission (SEC) was established to regulate the stock market and prevent fraud and abuse that was believed to have occurred in the past.

Note:
- With ‘Black Tuesday,' on October 29, 1929, the United States entered the Great Depression.
- In his Fair Deal of administration, President Harry S. Truman (1945–1953) continued the New Deal. President Dwight D. Eisenhower (1953–1961) kept the New Deal programmes in place, while Lyndon B. Johnson (1963–1969) modified them for his Great Society administration.