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The New Deal - Questions and answers
- Words:
- 1419
- Submitted:
- Wed Oct 20 2004
Have a little read: ... America Coursework 1) Explain the main features of the New Deal The New Deal's main aim was to pump money back into the economy by giving the unemployed jobs. In Roosevelt's first three months he had taken more action to resolve the depression that Hoover had done throughout his presidency. Roosevelt called an Emergency banking act in March 1933. This act stated that all banks must be closed for four days for inspection. He did this to find the banks with badly managed accounts or with too little cash and if they did they would remain shut until they were able to run properly. Roosevelt also introduced the Economy Act which saved nearly a billion dollars by cutting everyone who worked in the armed forces and government's wages. This meant he could afford to invest more into the New Deal. Roosevelt had realised that prohibition was crushing the economy because people were still purchasing alcohol
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