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Title: Roosevelt's New Deal

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Subject: America
Author: Anonymous
Date: July 1, 2009
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Length: 10 / 2846
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The banking industry was the first focus of Roosevelt’s administration. Banks had been closing all over the country due to frightened citizens withdrawing all of their money. In order to increase trust in the banking system, Congress passed the Emergency Banking Relief Act of 1933...

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In order to increase trust in the banking system, Congress passed the Emergency Banking Relief Act of 1933. The bill gave the president broad powers over financial transactions, prohibited the hoarding of gold, and allowed for the reopening of sound banks, sometimes with loans from the Reconstruction Finance Corporation (Nash and Jefferey et al 777)...

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