In the historical process, why did the United States implement the "New Deal"?

At the end of 1929, a serious economic crisis broke out in the capitalist world, and the American economy was particularly severely hit. The production of major industries such as coal, steel and automobiles has fallen sharply, industrial and mining enterprises and banks have closed down and the number of unemployed people has increased. At the same time, agriculture is also in crisis, with "surplus" agricultural products piling up like mountains and nearly 6,543,800 farmers going bankrupt. At that time, American President Hoover carried out a laissez-faire policy in the economy, and American society was in turmoil and chaos.

1932, Democrat franklin roosevelt defeated Hoover and was elected President of the United States. After Roosevelt took office, he inspired the American people, Qi Xin, to work together to tide over the difficulties. He said: "We are not disappointed in the future, because the American people have not failed, and they hope that the people can lead them well." One of Roosevelt's methods of "good leadership" is to implement the "New Deal".

It turns out that the capitalist economy in the United States is a free economy under anarchy, and the phenomenon of "big fish eat small fish" is particularly serious, with fierce conflicts among large, medium and small capitalists. The main goal of the "New Deal" is to restrain the most unconstrained big capitalists, balance conflicting interests, and plan the economy through state intervention, so as to get rid of the crisis. From 1933 to 1939, Roosevelt promulgated a series of anti-crisis economic measures aimed at relief, revival and reform. The National Industrial Revival Law and the Agricultural Adjustment Law are the two most important pieces of legislation. The main contents of the New Deal are as follows: In finance and finance, the government rebuilt the disintegrated financial system and restored people's confidence in financial institutions. It is stipulated that all banks with capital exceeding 654.38 million dollars must join the Federal Reserve Bank to expand the power and business control of the national banks.

In industry, the government manages industrial production and helps industrial departments to make agreements on output, quality, price and employment conditions, so as to revitalize industry and compete on a fair basis. In agriculture, the government mainly restricts the output of major agricultural products through cash subsidies, thus raising the prices of agricultural products and adjusting the social and economic structure. In addition, the New Deal also adopted some social insurance measures. Including providing relief for the unemployed, the elderly, the sick and the disabled and the young, and organizing public projects to increase the number of employed people.

Roosevelt actively promoted the "New Deal", and within 100 days after its implementation, Congress passed more than 70 laws and regulations. Its various measures temporarily eased the economic crisis, but it could not fundamentally eliminate it. In essence, this is a reform measure aimed at consolidating the capitalist system.