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03

FDR's Response to the Great Depression

   
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Title: FDR's Response to the Great Depression
 
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Subject: American History
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Date: August 31, 1998
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Length: 5 / 1212
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In his first 100 days in office, the president along with a strong Democratic majority in Congress pushed through 15 bills aimed at combating the depression. One of his first acts was to grant a national bank holiday aimed at getting banks back into solvency...
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One of his first acts was to grant a national bank holiday aimed at getting banks back into solvency. The Glass-Stegall Act provided federal guarantees on loans of less than 5,000 dollars. In Roosevelt's "Bombshell message", he took the United States off the gold-standard in an effort to focus on domestic issues without dealing with international trade...
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