The Great Depression (1929–1939) was the worst economic crisis in U.S. history. By 1933: 25% unemployment, 9,000+ bank failures, GDP down 30%, millions homeless.
FDR's Inauguration (March 4, 1933): "The only thing we have to fear is fear itself." Immediate action: declared a national "Bank Holiday," then launched the "First Hundred Days" of sweeping legislation.
The Three R's
Relief
Immediate aid
Recovery
Restart economy
Reform
Prevent future
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New DealFDRGreat DepressionAlphabet AgenciesSocial Security
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AP Exam Focus (KC 7.1.III): The New Deal fundamentally transformed the relationship between the federal government and the American people. Know: the Three R's framework, key alphabet agencies, FDR's court-packing scheme, and that WWII (not the New Deal) ultimately ended the Depression. Also tested: how the New Deal coalition (labor, minorities, urban voters) reshaped the Democratic Party.