The "New Deal," implemented in the U.S. during the 1930s under President Franklin D. Roosevelt, aimed to address the economic devastation caused by the Great Depression through a series of programs and reforms. The initiative sought to provide relief for the unemployed, recover the economy, and reform the financial system to prevent future depressions. Key components included the establishment of Social Security, the implementation of job creation programs, and regulations for the banking industry. The New Deal fundamentally changed the role of the federal government in economic life and laid the foundation for modern social welfare policies.