Final answer:
The New Deal policies had effects on labor, agriculture, banking, and finance. The policies provided employment opportunities, helped struggling farmers, and implemented reforms to stabilize the banking sector.
Step-by-step explanation:
The New Deal policies implemented during President Franklin D. Roosevelt's administration had significant effects on labor, agriculture, banking, and finance.
1. Labor: The New Deal established various employment programs such as the Works Progress Administration (WPA) and the Civilian Conservation Corps (CCC), which provided jobs to millions of unemployed Americans. These programs aimed to stimulate the economy and improve infrastructure.
2. Agriculture: The New Deal introduced policies like the Agricultural Adjustment Act (AAA) to help struggling farmers. The AAA paid farmers to reduce production to raise crop prices and stabilize the agricultural sector.
3. Banking and Finance: The New Deal implemented reforms to stabilize the banking sector. It created the Federal Deposit Insurance Corporation (FDIC) to guarantee individual bank deposits, restore confidence, and prevent future bank failures. Additionally, the Securities and Exchange Commission (SEC) was established to regulate the stock market and protect investors.