The New Deal and the Three R's
The New Deal is essentially a deal that FDR created for the people that would help the economy recover from this crisis that is the Great Depression. It involved reforms that effected banks and the stock market. That's where all the people lost their money, so by fixing what started the whole thing, it should eventually help everyone get their money back. The first part of the New Deal was "The Hundred Days" which was literally the first 100 days of FDR's presidency, which was when the people got help from the government directly. The second part was helping the businesses and the stock market recover from the depression. The 3 R's were part of the New Deal as well. The first one was Relief. This meant temporary help would be provided for suffering Americans. Then there was Recovery. This would help the economy bounce back from the depression. The last R was Reform. This targeted the primary causes to the depression and eliminated them.
Social Security Act
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This act helped people living in poverty and helped senior citizens live without being under the poverty line. Retired citizens would receive a pension check every month. The amount would be a percentage based off their previous job.
Securities and Exchange Commissions
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The SEC prevents people from abusing the stock market. Fraud will be stopped, and reforms will protect investors and consumers. This was needed because it was very easy for people to take advantage of the buyers. Advertising made people think they could afford things when they really couldn't, so that would be prevented from now on. Things wouldn't be so overpriced anymore.