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The New Deal
Part 1 of Paper
....sevelt. Although Roosevelt was very vague about what it was and actual measures to be taken while running for president, was the shinning hope for many Americans who had lost their jobs or were living in poverty. After the United States had plummeted into the greatest depression to face this country while Herbert Hoov.... Part 2 of Paper
....reopen closed banks, and regulate banking and foreign exchange. The Glass-Steagall Banking Reform Act was later passed in order to form the Federal Deposit Insurance Corporation, insurance to civilians for their banking deposits up to $5,000, which was later raised. These to bills encouraged the public to once again trust their banks, and to deposit money in the banks instead of hiding it "under their mattresses." Compared to the more than 4,000 bank failures of 1933, there were only 5.... |
| Number of words: 1319 - Approximate pages: 5 |
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