PAPER Topics

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The Great Depression was a time when people needed someone to take charge and make something happen to better the economy. In 1932 a man named Franklin D. Roosevelt came up with a new strategy called , which he and all Americans hoped would br ....

Middle of Term Paper
... circulation which would cause detrimental inflation. He also had to show the people that banks were safe to put money into. To do this he passed the Emergency Banking Act or the “Banking Holiday”, which temporarily closed banks so that they could be examined and reopened, if fit to do so, with a Treasury Department license. Another way that he took charge was by cutting federal workers’ salaries, and veterans’ pensions and benefits, and anything else that would reduce spending. Roosevelt then created the Civilian Conservation Corps, which gave jobs to young Americans, and also diverted their anger at the government. Another major act ...