The New Deal and Its Legacy

Revision sheet excerpt

Course Outline

  1. Great Depression and Roosevelt's response
  2. Relief, recovery, and reform
  3. Fireside Chats and public trust
  4. Second New Deal and welfare state
  5. Labor rights and Social Security
  6. Opposition and Supreme Court crisis
  7. Legacy and political realignment

1. Great Depression and Roosevelt's response

Key Concepts & Definitions

  • Great Depression : Great Depression : the severe US economic collapse after 1929 that paralyzed the economy and caused mass unemployment and bank failures.
  • New Deal : New Deal : FDR’s domestic programs, public works, financial reforms, and regulations enacted from 1933 to 1938.
  • Laissez-faire capitalism : Laissez-faire capitalism : an economic doctrine favoring minimal state intervention in markets and relying on private action.

Essential Points

  • On March 4, 1933, FDR launched his presidency in the worst US crisis, saying fear itself was the only thing to fear.
  • After the Wall Street Crash of October 1929, by 1933 GDP had fallen by half and unemployment hit 25% of the workforce.
  • Thousands of banks had collapsed by 1933, leaving the financial system effectively paralyzed.
  • Hoover failed to resolve the crisis partly because he trusted laissez-faire and rugged individualism rather than stronger federal action.

Memory Hook

Fear itself → start the New Deal from fear of collapse.

2. Relief, recovery, and reform

Key Concepts & Definitions

Read the full sheet →

Quiz preview

1. Which set of protections was established by the Fair Labor Standards Act?

2. What were Fireside Chats designed to do?

3. How did the Bank Holiday support public trust during the crisis?

Take the quiz (14 questions) →

Flashcards preview

Great Depression — definition?

Severe US economic collapse after 1929.

New Deal — role?

FDR’s domestic programs to combat depression.

Laissez-faire capitalism — function?

Minimal government intervention in markets.

First New Deal — focus?

Relief, Recovery, Reform (3 Rs).

Relief — purpose?

Direct aid and jobs for the unemployed.

Recovery — goal?

Restart agriculture and industry output.

See all 14 flashcards →

Frequently asked questions

What does the revision sheet on The New Deal and Its Legacy cover?

The revision sheet covers the essential concepts of The New Deal and Its Legacy. It is organized by topic to facilitate learning and memorization, with key definitions, explanations and summaries.

Read the full sheet →

How many questions are in the The New Deal and Its Legacy quiz?

The quiz contains 14 multiple-choice questions with detailed corrections and explanations for each answer. Ideal for testing your knowledge and identifying gaps.

Take the quiz (14 questions) →

How to study The New Deal and Its Legacy with flashcards?

Revizly offers 14 interactive flashcards on The New Deal and Its Legacy. Each card presents a question on the front and the answer on the back, enabling active and effective revision based on spaced repetition.

See all 14 flashcards →

Similar courses

Sources du droit comptable

Comptabilité

Principales productions agricoles

Types et réglementation de la communication

Relation client omnicanale

Gestion

Le financement de l’entreprise

Monnaie et agrégats monétaires

Macroéconomie

Create your own sheets from your courses

Import your PDF or paste your course, AI generates sheets, quizzes and flashcards in 30 seconds.

Sheet generatorQuiz generator