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FDR's new deal was completely different from Obama's new deal. Roosevelt spent mostly on industry to create jobs, while seizing bankrupt banks under a chapter 11 of the US code. Obama is bailing out banks that are refusing to lend to industry like Goldman sachs. People call FDR a communist for seizing banks, but the fact is that he was doing what the United states code required him to do.

Reactionary Republicans claim that Roosevelt "prolonged the depression" with his spending plan, but what actually happened was the he momentarily gave in to the conservatives to "balance the budget", and cut spending. The economy immediately dipped and it took much longer to get out of the depression.

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14y ago
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8y ago

Franklin D. Roosevelt had many reforms. The Food and Drug Administration was one. He created the SEC Securities and Exchange Commission to reform the Stock Market. The FCIC Federal Deposit Insurance Corp. reformed the banks to make them more stable. The Tennessee Valley Authority and Rural Electrification Administration helped rural areas get electricity.

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8y ago

He made the first national park. (Yellowstone)

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8y ago

Please rewrite your question. We need to know which Roosevelt you ask about.

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8y ago

Social security, WPA, banking reforms.

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Q: What is the reform measure of Roosevelt's New Deal?
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