What were the 3 steps in President Franklin D. Roosevelt's (FDR's) strategy for ending the Great Depression and returning America to prosperity?
1. Relief: FDR's first priority was providing immediate relief to the millions of Americans who were suffering from the effects of the Depression. He launched a series of programs, including the Civilian Conservation Corps, the Works Progress Administration, and the Tennessee Valley Authority, which provided jobs, food, and other aid to those in need.
2. Recovery: FDR also focused on rebuilding the economy and addressing the underlying factors that led to the Great Depression. He implemented policies designed to stimulate economic growth, including the National Industrial Recovery Act, which aimed to stabilize prices and wages, and the Agricultural Adjustment Act, which sought to raise farm prices and reduce surpluses.
3. Reform: Finally, FDR sought to reform the financial system to prevent another Depression from happening in the future. He created the Securities and Exchange Commission to regulate the stock market and protect investors, and implemented other reforms designed to prevent abuses by banks and other financial institutions.