Just after being inaugurated as the new president of the United States in 1933, Franklin D. Roosevelt addressed the American people, telling them he would "wage a war" on the economic emergency of the Great Depression just as he would if the country were being attacked by a foreign foe.
Roosevelt's commitment to help the American people caused them to be confident in his plans, which collectively became known as the New Deal. The New...
Just after being inaugurated as the new president of the United States in 1933, Franklin D. Roosevelt addressed the American people, telling them he would "wage a war" on the economic emergency of the Great Depression just as he would if the country were being attacked by a foreign foe.
Roosevelt's commitment to help the American people caused them to be confident in his plans, which collectively became known as the New Deal. The New Deal was made up of several projects and initiatives that were designed to bring the country more financial stability. Some of the more significant achievements as part of the New Deal included the following:
- A four-day bank holiday to keep people from taking money from shaky banks. This began the process of stabilizing the banking industry.
- Asking congress to end Prohibition, making the sale and purchase beer legal again.
- The establishment of the National Industrial Recovery Act, which guaranteed workers the right to unionize and bargain as a collective group for increased wages and improved working environments.
Roosevelt's initiatives and plans didn't resolve all the United States' economic problems, but they did allow the American people to have more confidence in their government's ability to help in a financial crisis.
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