THE GREAT DEPRESSION 1929 1940
FRANKLIN D ROOSEVELTS NEW DEAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The Supreme Court Crisis
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The Banking Crisis
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The War Veterans Bonus Crisis
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The Pearl Harbor Crisis
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Detailed explanation-1: -Roosevelt spent the first week of his presidency dealing with a month-long series of bank closures that were ruining families nationwide. He closed the entire American banking system on March 6, 1933.
Detailed explanation-2: -On his first full day in office, FDR confronted his greatest challenge-the banking crisis that threatened to destroy America’s economy. Roosevelt began with a decisive act. Declaring a “bank holiday, ” he temporarily closed all the nation’s banks.
Detailed explanation-3: -The New Deal was a set of domestic policies enacted under President Franklin D. Roosevelt that dramatically expanded the federal government’s role in the economy in response to the Great Depression.
Detailed explanation-4: -After a month-long run on American banks, Franklin Delano Roosevelt proclaimed a Bank Holiday, beginning March 6, 1933, that shut down the banking system.
Detailed explanation-5: -The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.