This left many people unemployed throughout the United States not long after the massive loss of savings leaving people with nothing, Roosevelt knew he needed to do something and that was closing the banks for a four day period to get everything together. This four day period would help fix everything with the banking system and get them back on track to get them where they needed to be for the people in America. Along with this Roosevelt sent up a pension plan for workers in the nation originally called the Economic Security Bill, “The agency created to administer these benefits was to be funded by both employees and their employers, as opposed to using funds collected from general tax money.” ( ). Though this was funded through tax money people were given a chance to save money for older age, meaning if the stock market ever crashed again savings were still available to any person who has a pension put into place. Finally, a significant change to the United States was illustrated by widespread foreclosure. Due to the loss of savings and layoffs throughout the United States, people could not pay for their housing; this left them to be foreclosed upon. Though Hoover did try to help with
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