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The stock market crash of 1929 helped launch the United States and many other nations into the worst economic depression in history. The severity of the Great Depression called for federal government programs to protect the general welfare of citizens. The New Dea ....

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.... from previous presidents. He often said, "I have no expectation of making a hit every time I come to bat. What I seek is the highest possible batting average"(Tindall and Shi 1238). In the first years of Roosevelt’s term he worked hard to empower the federal branch. The New Deal set the precedent for 20th century liberalism. The first order of business for the Roosevelt administration was financial reform. Banking is a crucial aspect of capitalism and Roosevelt was very aware of this fact. On his second day in office, Roosevelt called Congress to meet in a special session. The outcome was the Emergency Banking Relief Act, which permi ....