What is "The New Deal" known for?

"The New Deal" is known primarily for being a series of programs designed to combat the economic devastation brought about by the Great Depression during the 1930s. Introduced by President Franklin D. Roosevelt, these initiatives aimed to provide immediate economic relief, recovery from the economic downturn, and reforms to the financial system to prevent a future depression.

The New Deal included measures such as the establishment of the Social Security system, the creation of jobs through public works programs, and financial reforms that regulated the banking industry, all aimed at stabilizing the economy and supporting struggling Americans. The significance of the New Deal lies in its comprehensive approach to address the multifaceted crises of unemployment, poverty, and banking failures, ultimately reshaping the role of the federal government in economic and social welfare.