Give an explanation of Franklin D. Roosevelt's New Deal.

Give an explanation of Franklin D. Roosevelt's New Deal.

In the depth of the Great Depression, Franklin D. Roosevelt faced tasks of preventing possible collapse of the American economic and political system and helping the needy people. He put forward the so-called New Deal as follows:(1)Establishment and strengthening of government regulation and control of banking, credit and currency system.(2)Federal government management of relief and establishment of social security system.(3)Stimulation of the recovery of industry and agriculture.(4)Formulation and implementation of federal labor laws to raise the role of labor in the relation of production.(5)Improvement of the situation of minorities and members of certain religious groups.The New Deal helped overcome the most serious economic crisis of the capitalist system up to that time.