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Essay about President Roosevelt

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President Roosevelt

When President Roosevelt took office in 1933, he quickly created program after program to give relief, create jobs, and stimulate economic recovery for the U.S. These programs were called "alphabet soup" as well as the "New Deal." These “alphabet agencies” would help to bring the U.S. out of the Great Depression, and provide a new hope for a economically-stricken nation.
On March 6, 1993 he shut down all of the banks in the nation and forced Congress to pass the Emergency Banking Act, which gave the government the opportunity to inspect the health of all banks. The Federal Deposit Insurance Corporation (FDIC) was formed by Congress to insure deposits up to $5000. These measures reestablished American faith in …show more content…

His program also funded public work programs. This revitalized many deteriorating relief programs. The Civil Works Administration gave the unemployed, jobs building or repairing roads, parks, airports, etc. Through this the CWA provided a mental and physical boost to its 4 million workers. The CCC, otherwise known as the Civil Conservation Corps, put 2.5 million unmarried men to work maintaining and restoring forests, beaches, and parks. Workers earned only $1 a day but received free board and job training. From 1934 to 1937, this program funded programs for 8,500 women. The CCC taught the men and women of America how to live independently, and increased their motivation as American workers. The Indian Reorganization Act ended the sale of tribal lands and restored ownership of lands to Native American groups. The outcome was obviously positive for the Native Americans. NIRA, the National Industrial Recovery Act was formed in order to boost the declining prices, helping businesses and workers. The NIRA also allowed trade associations in many industries to write codes regulating wages, working conditions, production, and prices. It also set a minimum wage. The Federal Securities Act and the Securities and Exchange Commission required full announcement of information on stocks being sold. The SEC regulated the stock market. Congress also gave the Federal Reserve Board the power to regulate the purchase of stock on

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