New Deal Dbq

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Franklin D. Roosevelt was the 32nd president in office, preceding Herbert Hoover in 1932, unfortunately the same year the entirety of the United States would undergo the worst economic crisis in its history, but that didn’t stop FDR from making the nation his canvas, and making the best outcome that he could out of a calamitous situation, being the persistent, optimistic leader he was he made it his priority to restore and renew american independence and nationalism, during the years he called the shots for the country.

The New Deal was one of the many laws and policies passed by FDR, it was collection of many acts and programs, and the New Deal most notably was passed in response to the stock market crash, and focused on preventing another …show more content…

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It’s also one of the most controversial acts, so there’s a lot of ground to cover, the reason for starting Social Security was to give back to the general welfare, even more so by forming a cycle by means of Federal old-age benefits, and by giving the several States privileges to make satisfactory provision for persons 60 or older, disabled persons, dependent or disabled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws; to establish a Social Security Board, and increase income. Another program that coincided with the Emergency Banking Act, Banking Act of 1933 or, Glass-Steagall Act, this act would be to determine the fate of bankers commerce in america for years to come, for both commercial and investment banks, apart from that factor it also created the Federal Deposit Insurance Corporation, which insured bank deposits up to a certain point of profit. in the duration of the act, it prohibited banks from paying more on deposits and stopped interest rates on other deposits and bonds, this was an important aspect called Federal Open Market Committee . becoming more and more hated by people and bankers over the years in 1999 the Gramm Leach Bliley Act revised some of the more disliked elements of the Banking Act of 1933 such as prohibiting the cooperation between banks and security

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