New Deal New Deal, in U.S. history, term for the domestic reform program of the administration of Franklin Delano Roosevelt ; it was first used by Roosevelt in his speech accepting the Democratic party nomination for President in 1932. The New Deal is generally considered to have consisted of two phases. The first phase (1933–34) attempted to provide recovery and relief from the Great Depression through programs of agricultural and business regulation, inflation, price stabilization, and public works. Meeting (1933) in special session, Congress established numerous emergency organizations, notably the National Recovery Administration (NRA), the Federal Deposit Insurance Corporation (FDIC), the Agricultural Adjustment Administration (AAA), the Civilian Conservation Corps , and the Public Works Administration . Congress also instituted farm relief, tightened banking and finance regulations, and founded the Tennessee Valley Authority . Later Democratic Congresses devoted themselves to expanding and modifying these laws. In 1934,
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