In 1932, the presidential election depicted that Americans were clearly ready for a change. People suffered from a lack of work, money, food, and hope because of the Depression. Franklin Delano Roosevelt was about to make some changes.
Many Americans blamed Hoover for being to nonchalant about how he dealt with the Depression so they elected a new president, Franklin D. Roosevelt. Four months would elapse between Roosevelt's victory in November and his inauguration as president in March 1933. However the twentieth Amendment, moved the inaugurations to January, but was not ratified until February. FDR was not inactive during his waiting period; he was already coming up with ideas to do during his time in office.So Roosevelt began to put together a set of policies for his new administration. This program, alleviate the problems of the Depression, became known as the New Deal, a phrase from a campaign speech in which Roosevelt promised "a new deal for the American people." New Deal policies focused on three general goals; relief for the needy, economic recovery, and financial reform.
Upon taking office, the government came into a period of intense activity known as the Hundred Days. During this period, Congress passed more than 15 major pieces of New Deal legislation. These laws, and other upcoming ones significantly expanded the government's role in the nation's economy. Roosevelt'sfirst step as president was to carry out reforms in banking. However by 1933 many bank failures had caused a lot of Americans to lose faith in the banking system. Roosevelt didn't want this so he issued a "bank holiday" and wanted Congress to pass the Emergency Banking Relief Act, which authorized the Treasury Department to inspect the country's banks. Congress also to steps to regulate the stock market, and the Federal Securities Act was passed which required corporations to provide complete informat…


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