Part one of term paper
The Great Depression was a time when people needed someone to take charge and make something happen to better the economy. In 1932 a man named Franklin D. Roosevelt came up with a new strategy called , which he and all Americans hoped would bring their country out of the worst depression it had ever seen. Along with this new deal, came what ...

Part two of term paper
... not the laissez-faire government that Hoover had used before. Roosevelt took charge, circulating money into the economy by raising the value of gold, instead of just putting more money into circulation which would cause detrimental inflation. He also had to show the people that banks were safe to put money into. To do this he passed the Emergency Banking Act or the “Banking Holiday”, which temporarily closed banks so that they could be examined and reopened, if fit to do so, with a Treasury ...