What was the name of the economic policy that promoted government intervention in the economy during the Great Depression? 🔊
The economic policy that promoted government intervention in the economy during the Great Depression was known as the New Deal. Implemented by President Franklin D. Roosevelt in the 1930s, the New Deal consisted of a series of programs, public work projects, financial reforms, and regulations designed to provide relief to the unemployed, stimulate economic recovery, and reform the financial system. Key initiatives included the establishment of the Social Security System, the Federal Deposit Insurance Corporation (FDIC), and the Works Progress Administration (WPA). The New Deal fundamentally reshaped the relationship between government and the economy, setting precedents for federal involvement in economic matters.


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