In: Economics
The New Deal consisted of series of programs, projects on public work, financial regulations and reforms in America between 1933 and 1936 enacted by President Franklin D. Roosevelt. It considered new safeguards as well as constraints on the banking industry and put their best efforts to re-inflate after prices had sharply declined in the economy. It focussed mainly on it's 3 R's - recovering the U.S. economy back to normal levels; relief for the poor and unemployed on account of gender and race; and reform in the financial system doe the prevention of the depression in future. In America it happened for the first time, after the Great Society legislation of the 1960s, an individual who was not categorised to be disabled or elderly could receive the need-based aid from the U.S. government. Aid could be in any form such as general welfare payments, state and federal housing benefits, food stamps, health care through Medicaid, and special payments for pregnant women and young mothers. It played an important role in success obstructed on account of race, gender and poverty