Once in office, FDR set to work immediately. His "New Deal," it turned out, involved regulation and reform of the banking system, massive government spending to "prime the pump" by restarting the economy and putting people back to work, and the creation of a social services network to support those who had fallen on hard times.
Between 8 March and 16 June, in what later became known as the "First Hundred Days," Congress followed Roosevelt's lead by passing an incredible fifteen separate bills which, together, formed the basis of the New Deal. Several of the programs created during those three and a half months are still around in the federal government today. Some of Roosevelt's most notable actions during the Hundred Days were:
<span><span>A national bank holiday: The day after his inauguration, FDR declared a "bank holiday," closing all banks in the country to prevent a collapse of the banking system. With the banks closed, Roosevelt took measures to restore the public's confidence in the financial systems; when the banks reopened a week later, the panic was over.22</span><span>Ending the gold standard: To avoid deflation, FDR quickly suspended the gold standard.23 This meant that U.S. dollars no longer had to be backed up by gold reserves, which also meant that the government could print—and spend—more money to "prime the pump" of the economy.</span><span>Glass-Steagall Act: The Glass-Steagall Act imposed regulations on the banking industry that guided it for over fifty years, until it was repealed in 1999.24 The law separated commercial from investment banking, forced banks to get out of the business of financial investment, banned the use of bank deposits in speculation.25 It also created the FDIC[link to "FDIC" passage below]. The effect of the law was to give greater stability to the banking system.</span><span>FDIC: The Federal Deposit Insurance Commission backed all bank deposits up to $2500, meaning that most bank customers no longer had to worry that a bank failure would wipe out their life savings.26The agency continues to insure American deposits today.</span></span>
Answer:
Then, in the early 1960s, the Supreme Court rendered a string of decisions known as the “reapportionment cases” that fundamentally changed the voting landscape for African Americans. In no uncertain terms, the court required that representation in federal and state legislatures be based substantially on population. Baker v.
Explanation:
The answer is “protect the United States from terrorist attacks .”
Answer:
It enabled them to wage a modern war
Explanation:
The Northern states supplied the military with all the means necessary to wage a modern war, producing large quantities of ammunition and other supplies, and in doing so financing the war with its industrial capacity. The Midwest supplied the Union with soldiers, food, horses as well as financially. Military hospitals were located throughout the territory of the Union.
The national banking system was reformed during this period, and prosperity was stimulated by heavy spending by the federal government. Union countries have invested a great deal of money and effort in psychological and social support for soldiers, their wives, widows and orphans.
The demand curve for bell-bottoms __shifted to the right__ its the simple answer, but besides that, it can be said that the demand for these pants, which had been used by the navy for a long time, quickly became fashionable among hippies, first used by women and then by men, until singers and artists began to use the bell bottoms and their popularity grew so much that they have become a symbol of disco nights in the 70s.
