The federal government became deeply involved in fixing the economy during the Great Depression under the presidency of Franklin D. Roosevelt.
1. Franklin D. Roosevelt implemented various programs and policies known as the New Deal to address the economic challenges of the Great Depression.
2. These initiatives aimed to provide relief, recovery, and reform to stabilize the economy, create jobs, and restore confidence in the financial system.
3. Some key programs of the New Deal included the establishment of the Works Progress Administration (WPA) to create employment opportunities, the Social Security Act to provide a safety net for citizens, and the Federal Deposit Insurance Corporation (FDIC) to insure bank deposits and restore trust in banks.
4. Roosevelt's administration significantly expanded the role of the federal government in regulating the economy and providing assistance to those affected by the economic downturn.
5. Overall, Franklin D. Roosevelt's presidency marked a turning point in the level of federal government involvement in economic affairs during times of crisis like the Great Depression.
