The two weaknesses of the First New Deal is A. It failed to properly regulate the banks and E. It created a huge national deficit. This is clear during the First New Deal, which took place between 1933 and 1934 under American President Franklin D. Roosevelt.
What did the initial New Deal include?
The policies centered on what historians refer to as the "3 R's": assistance for the poor and jobless, restoration of the economy to pre-depression levels, and banking sector reform to avoid another depression.
President Franklin D. Roosevelt launched a number of projects and programs known as the "New Deal" in an effort to bring prosperity back to Americans during the Great Depression. Roosevelt moved quickly to stabilize the economy, offer jobs to people in need, and provide assistance after taking office in 1933.
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