A-Z: General definitions
- 39 Articles
- a Calvary
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A-Z: General definitions: New Deal
Definition
A series of domestic programmes developed in the United States during the presidency of Franklin Roosevelt in the 1930s to respond to the effects of the Wall Street Crash and economic recession. The New Deal sought to provide relief for the unemployed and poor, to promote recovery of the economy and to reform the financial system.
The financial collapse of the US stock market in 1929 which had devasting effects on the western world economies and led to the economic depression of the 1930s.
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