Question

What did franklin roosevelt do to deal with the banking crisis?

Answer 1

As mentioned above the he established the FDIC in 1933, this provided deposit insurance to banks in an attempt to alleviate/prevent runs on banks from worried depositors.

This was part of a greater plan outlined in the Banking Act of 1933 (more commonly know as the Glass-Steagall Act). Apart from setting up the FDIC it also extended federal oversight to all commercial banks and prohibited banks from paying interest on checking accounts.

Answer 2

The New Deal was created to deal with a bunch of problems such as the banking crisis during the Great Depression. The Great Depression affected everyone in many different ways. The rich people had no impact at all and were ignorant of the suffering of others. Almost 40% of the country never faced real hardship during those times. Most people, on the other hand, did face hardship in some way. By the time of Franklin Roosevelt's inauguration in 1933, the unemployment rate was close to 25%. Unstable during the 1930s, it never fell below 14.3% until 1941.

 The Depression changed families in many ways. The divorce rate dropped suddenly and the birth rate dramatically dropped for the first time in the history of America. During the Presidency of Herbert Hoover, families’ income dropping 35% in those four years to $15M, and due to this 1.5M men abandoned their wife’s. Many people had to turn to family and friends for help. Few people turned to the government for help.  

 Many minorities had no to little benefits from New Deal programs. The "last hired, first fired" were the first ones hurt by the job layoffs. In order to save the Democratic Party and pass New Deal legislation, the programs targeted unemployed white males. The New deal provided relief and jobs to many people. Males of color, on the other hand, had to settle for separate low pay or were shut out completely. Since there weren’t enough jobs in the Southwest, for white men, there was an illegal deportation of 400,000 Mexican -Americans. Native Americans had a separate New deal and had some economic and some political recognition.