What were the major economic policies of Franklin D. Roosevelt?

Franklin D. Roosevelt, the 32nd President of the United States, implemented several major economic policies during his presidency in response to the Great Depression. The following were some of the significant initiatives:

New Deal

The New Deal was a series of programs, public works projects, financial reforms, and regulations enacted by Roosevelt between 1933 and 1939. It aimed to provide relief, recovery, and reform during the Great Depression.

Monetary and Fiscal Policies

Roosevelt implemented various monetary policies to stabilize the banking system and restore confidence in the economy. He also pursued fiscal policies to stimulate economic growth and create jobs.

Bank Regulations

Roosevelt introduced banking regulations to prevent another financial collapse and restore trust in the banking sector. The Banking Act of 1933, also known as the Glass-Steagall Act, was one of the key pieces of legislation in this regard.

Labor Reforms

To protect workers and improve labor conditions, Roosevelt implemented labor reforms, including the National Labor Relations Act (1935) which guaranteed workers the right to organize and collectively bargain.

Public Works Programs

Roosevelt initiated large-scale public works programs like the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) to create jobs and stimulate economic activity.

Social Security and Agriculture Policies

Roosevelt established the Social Security program to provide financial assistance to the elderly and disabled. Additionally, he implemented agricultural policies to support farmers and stabilize agricultural prices.

Overall, Franklin D. Roosevelt's economic policies aimed to combat the effects of the Great Depression, promote economic recovery, and ensure long-term economic stability through federal government intervention and reform.