The Great Depression was a time of great economic crisis during the 1930s. It began in the United States, but quickly spread throughout much of the world over time. During this period, much of society were out of work, hungry, and homeless. In the heart of the city, people would stand in long lines at soup kitchens to get a bite to eat. In the country, farmers struggled in the Midwest where a great drought turned the soil into dust causing huge dust storms. The Great Depression began with the crash of the stock market in October of 1929. Historians and economists give various causes for the Great Depression including drought, overproduction of goods, bank failures, stock speculation, and consumer debt. There wasn't one event or a
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These new laws included programs such as Social Security to help retirees, the FDIC to help secure bank deposits, work programs such as the Civilian Conservation Corps, new power plants, aid for farmers, and laws to improve working conditions. Finally, he established the SEC (Security and Exchange Commission) to help regulate the stock market and hopefully prevent any future collapses in the financial markets. All of these programs together were called the New Deal. The many agencies and laws passed by the New Deal changed the country …show more content…
During the first one hundred days that he was president, he issued several executive orders and helped get many laws passed through Congress. One of the first things that President Roosevelt did was to close the banks in what he called a "bank holiday." Congress then passed a law called the Emergency Banking Act. This law allowed for banks to reopen under the supervision of the Federal Treasury. It helped to stabilize the banks and to bring back confidence in the banking system. The Securities Act of 1933 was passed to help prevent another stock market crash. It required publicly traded companies to provide accurate information to the public including profits, losses, and corporate officers of the company. The president began a large program for public works and created the Public Works Administration (PWA). This program built things like roads, bridges, schools, hospitals, and dams across the country. These programs provided jobs for many. The Civilian Conservation Corps (CCC) also created many jobs for men where they worked on environmental projects like national
These new laws included programs such as Social Security to help retirees, the FDIC to help secure bank deposits, work programs such as the Civilian Conservation Corps, new power plants, aid for farmers, and laws to improve working conditions. Finally, he established the SEC (Security and Exchange Commission) to help regulate the stock market and hopefully prevent any future collapses in the financial markets. All of these programs together were called the New Deal. The many agencies and laws passed by the New Deal changed the country …show more content…
During the first one hundred days that he was president, he issued several executive orders and helped get many laws passed through Congress. One of the first things that President Roosevelt did was to close the banks in what he called a "bank holiday." Congress then passed a law called the Emergency Banking Act. This law allowed for banks to reopen under the supervision of the Federal Treasury. It helped to stabilize the banks and to bring back confidence in the banking system. The Securities Act of 1933 was passed to help prevent another stock market crash. It required publicly traded companies to provide accurate information to the public including profits, losses, and corporate officers of the company. The president began a large program for public works and created the Public Works Administration (PWA). This program built things like roads, bridges, schools, hospitals, and dams across the country. These programs provided jobs for many. The Civilian Conservation Corps (CCC) also created many jobs for men where they worked on environmental projects like national