Week 6 discussion 1 The New Deal - Professor and Classmates I have chosen the Emergency Banking Relief Act of 1933 and the Glass-Steagull Banking

Week 6 discussion 1 The New Deal - Professor and...

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Professor and Classmates, I have chosen the Emergency Banking Relief Act of 1933 and the Glass-Steagull Banking Act. The Great Depression was a horrific time for our country and President Hoover didn’t seem to do enough to help the American people out of destitution. When President Franklin D. Roosevelt replaced President Hoover he had a very large hole to fill. He not only had to try and pull our country out of unimaginable financial debt but he also had millions of people that he had to help. President Hoover’s idea of helping the citizens was a failure, he asked them to donate their money to the more needy individuals, and to tighten their belt and work harder[ CITATION Cor19 \l 1033 ]. The people that he asked to donate were struggling as well and were unable to afford to give any of their hard earned money away. With the Great Depression and millions of poor, unemployed, homeless citizens, President Franklin D. Roosevelt had a large mountain that he needed to conquer. His plan at the beginning of his term was to create relief and recovery programs that were designed to “save the American people”[ CITATION Cor19 \l 1033 ]. Additionally these programs would also create a long term plan that would optimistically prevent this from happening again. Within the First New Deal there were over fifteen pieces of significant legislature signed by congress. Within these new deals there were stipulations that were set into place to be met and they included: bank reform; job creation; economic regulation; and regional planning [ CITATION Cor19 \l 1033 ].

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