Did You Know? The New Deal

The New Deal, led by President Franklin D. Roosevelt, marked a shift from laissez faire to government intervention to aid recovery from the Great Depression. It introduced programs like the Public Works Administration and National Recovery Administration to create jobs and regulate industries. Worker protections were established, including minimum wage and union rights. Some New Deal programs, like Social Security and the FDIC, remain active today. Roosevelt's numerous initiatives were dubbed 'alphabet soup' due to their acronyms.

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