What did Roosevelt did for economy?

Answer 1

Roosevelt came to presidency in 1932, a time of economic turmoil in America: the Great Depression. immediately he began to implement many programs to help fight the economic slump and help people to find stability and help the economy to grow. these economic actions can be divided into two categories: the first new deal and the second new deal.

the first new deal was quite broad and aided many groups in society. Such as the Farmers Credit association (which gave immediate loans to help farmers keep their farms) and the Agricultural Adjustment Agency, which paid farmers not to produce so much and force produce prices up.

another area that were helped for the massive amounts of unemployed (25% of the US were jobless after the depression, these being The Civilian conservation corps, the Civilian administration works and the Public Works administration. The needy were helped through the Federal Emergency RElief Administration and the Home owners Loan Corporation. The National Recovery Administration helped to get industry back on its feet.

The second new deal helped develop the first. this included the Works progress association, the Social Security Act, in 1935, which introduced the welfare state in America, the Wagner act, which protected union members, and the Resettlement Administration.

these all aided to get America back on its feet after the depression and improved the lives of many.