The New Deal and World War 20

The New Deal and World War 20 - ,war THEFIRSTNEWDEAL...

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The New Deal and World War II Roosevelt’s leadership through economic reconstruction, war THE FIRST NEW DEAL Banking and Finance.  When Roosevelt took the presidential oath, the banking and  credit system of the nation was in a state of paralysis. With astonishing rapidity the  nation’s banks were first closed – and then reopened only if they were solvent. The  administration adopted a policy of moderate currency inflation to start an upward  movement in commodity prices and to afford some relief to debtors. New governmental  agencies brought generous credit facilities to  industry  and agriculture. The Federal  Deposit Insurance Corporation (FDIC) insured savings  bank deposits up to $5,000.  Federal regulations were imposed upon the sale of securities on the stock exchange. Unemployment . Roosevelt faced unprecedented mass unemployment. By the time he  took office, as many as 13 million Americans – more than a quarter of the labor force – 
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This note was uploaded on 12/22/2011 for the course AMH AMH2010 taught by Professor Pietrzak during the Fall '10 term at Broward College.

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