- The First New Deal Legislation 1933-1934

Question

1. What occurred in the economy to prompt the government to pass or enact
this legislation or act?
2.What were the actions enacted in the policy?
3. What was the intended goal of the economic policy?
Answer all questions in 2-3 sentences.

Answer 1

1. The First New Deal legislation was prompted by the devastating effects of the Great Depression, which saw unprecedented levels of unemployment, bank failures, and widespread economic dislocation. The banking system was on the verge of collapse, and there was an urgent need to restore public confidence and stabilize the economy.

2. Key actions enacted in the policy included the establishment of the Emergency Banking Act to stabilize banks, the creation of the Civilian Conservation Corps (CCC) to provide jobs for young men, and the implementation of the Agricultural Adjustment Act (AAA) to support farmers by regulating crop production and increasing prices.

3. The intended goal of the economic policy was to provide immediate relief to those suffering from the economic downturn, stimulate recovery of the economy, and reform the financial system to prevent future crises. It sought to create jobs, stabilize prices, and restore public confidence in the banking system and the overall economy.