Discuss Franklin Roosevelt's general approach to dealing with the problems of the Great Depression and give appropriate examples

Question

sesenic [268]

3 years ago

15

Discuss Franklin Roosevelt's general approach to dealing with the problems of the Great Depression and give appropriate examples

from his programs implemented in the first 100 days to illustrate your analysis

Business

1 answer:

Advocard [28] · Answer 1 · 2022-03-27T01:34:45+03:00

Answer:

Explanation:

At the time of the great depression, Franklin Delano Roosevelt became the President in 1933, and He expanded government involvement in economic recovery. His first 100 days brought about the approval of Congressional acts that is aimed at regulating the economy as well as providing jobs to the unemployed Americans.

Franklin Roosevelt also declared a bank holiday, this made Americans to start withdrawing their savings out of fear. This action by Roosevelt allowed the congress to pass the Emergency banking Act that gave the president bigger power over the national banks. Banks after proving they were solvent were allowed to reopen for business. This made the public to have greater confidence in the banking system.