The New Deal
Subject:
US History [1]
The New Deal During the 1930?s the U.S. and the rest of the world were caught in a serious depression which had started in 1929. Calling for a new deal, Franklin Roosevelt, a democrat, defeated Herbert Hoover for president in November 1932. Roosevelt felt that the federal government should play a larger role to reduce the nation?s economic problems. One of Roosevelt?s first acts after taking office was to declare a ?bank holiday.? He closed banks for four days to allow examination of their records in order to assure people that their money would be safe. In the first 100 days between March 9 and June 16, 1932, Congress passed numerous acts formulated by President Roosevelt and his advisers. These laws and others adopted over the next few years comprise the New Deal.