A New Deal for Americans - Research Article from Macmillan Science Library: Computer Sciences

A.G. Riddle, Alexandra Bracken, Anna Perera, Avi, Ben Fountain, Bill Dedman, Bill O'Reilly, Brandon Sanderson, C. J. Redwine, Catherine Ryan Hyde, Daniel James Brown, Gaute Heivoll, Glenn Beck, God, Helen Bryan, Helene Wecker, Herman Koch, Holly Heath, James Hankins, Jeaniene Frost, Joe Hill, John Hagee, John Hornsby, Jojo Moyes, Jonathan Tropper, Josh Grayson, Jung Chang, Kimberly McCreight, Kristen Simmons, Laura Amy Schlitz, LeighAnn Kopans, Liz Legg, Lizzy Ford, M.L. Stedman, Madeleine Roux, Malala Yousafzai, Margaret Lial, Martin Dugard, McDougal Littell, McKenzie Funk, Morgan Rice, Naoki Higashida, Nujood Ali, Patrick Carman, Prentice Hall, Rachel Cohn, Rachel Hawkins, Rebecca Donovan, Rob Buyea, Robert Galbraith, Ryan Winfield, Susan Cain, Susan Dennard, Susan Ee, Tammara Webber, Tara Brown, Terry McGinnis, Tom Kizzia, Vincent Bugliosi, Virginia Brown, and William Landay
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By the time Franklin D. Roosevelt (1882–1945) was inaugurated as the thirty-second president of the United States on March 4, 1933, the U.S. banking system had ceased to function. Roosevelt's first action as president was to take control of the banking system and stabilize the situation. Key actions included declaration of a nationwide bank holiday—a suspension of banking activities and closure of banks. The "holiday" allowed for the passage of the Emergency Banking Relief Act and Roosevelt's first "fireside chat," a radio broadcast to approximately sixty million worried Americans. These actions restored confidence in governmental leadership and in the banks. On March 13, only nine days after inauguration, banks began to reopen, Americans deposited more than they withdrew, and the U.S. banking system was saved.

The first few days of Roosevelt's presidency set the tone for the next eighteen months. Roosevelt (served 1933–45) and his advisers...

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A New Deal for Americans from Macmillan. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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