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The New Deal
Beginning of Essay
In 1932 when Franklin D. Roosevelt won the presidency over Herbert Hoover the world was preparing to make tremendous changes. These changes were all for the good of society and helped keep America alive and well. The changes took place in three different aspects .... Middle of Essay .... WWII.
The economy was doing great prior to the stock market crash. People were investing and the country was on the rise. But with such problems as bad investments, bad income distribution, bad banking, bad foreign trade, and over-expansion of credit the stock market crashed and the U.S. was heading to a depression. One of the first Acts to affect the economy was the Emergency Banking Relief Act. This act authorized the Federal Reserve Board to issue more currency. It prohibited a private hoarding of gold and exporting of gold. In Roosevelt’s second day of term he issued a four-day holiday for the banks. The Treasury Department was directed ....
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Words: 1967 - Pages: 8
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