LESSON 1 · Crashes, Bubbles & Bailouts
The New Deal Response
Franklin Roosevelt's New Deal was a radical experiment in government economic intervention. Programs like the CCC, WPA, and Social Security put millions to work and created a safety net.

The New Deal did not end the Depression — that required World War II's massive spending — but it prevented social collapse and restored confidence. More importantly, it established principles of government responsibility for economic stability that still guide policy today.