The New Deal was an economic plan developed by Franklin D. Roosevelt, based on Keynesian Economics that was geared towards pulling the nation out of the Great Depression. Although it did not achieve its main goal, it steered the nation in the right direction so that it finally ended in 1943 when unemployment rates reached pre-Depression rates. However, many critics argue that the New Deal was not effective at all in ending the Great Depression because it caused an even greater debt after FDR left office. This may be true, but this is the main point of Keynesian economics by using deficit spending to increase aggregate demand, and in turn stimulating the economy. The New Deal “provided regulation for a modern financial economy, establishing the Securities and Exchange Commission, passing the Glass-Steagall rectrictions on banks, and creating deposit insurance. It established federal unemployment insurance, a minimum wage, and of course social security. It enabled unions to organize…eventually, it created the Bretton Woods framework for international trade and investment” (Jeff Madriek).…