By the year 1933, the United States of America had already blundered through more than three years of the great depression. Factual evidence clearly illustrates the failure of the great depression, “More than 11,000 of 24,000 banks had failed, destroying the savings of depositors. Millions of people were out of work and seeking jobs” (Nation Archives). Additionally, many were working at jobs that barely provided an adequate wage to live off of. The value of the American dollar doped and had no resurrection in sight. The previous year the Democratic Party, led by Franklin Roosevelt, released a plan to climb back out of the hole that the country had fallen into. The Democratic Party called the plan a “Contract” and within in was a federal plan to solve the nation’s economic depression. Although vague the plan covered a great deal of issues including: agricultural relief, unemployment, prohibition, and old age insurance. The plan that was released to the public did highlight the increase in overall government growth and control that would accompany this plan. This was to deal with the weight of the problems pressing on the nation.
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This meant beginning work on the "New Deal," which involved multiple steps to work. Both regulation and reform of the banking system that was in place, as well as huge government spending to "prime the pump" to initially restart the economy, to be able to get business hiring and people employed, as well as the creation of a social services network to support those had lost economic power in the recession. The first one hundred days as it was later nicknamed, Roosevelt led the American government in passing fifteen different bills through congress. These bills were the making of their “new deal. Some of Roosevelt's most influential decisions during the first Hundred Days were “a national bank holiday, ending the gold standard and the Glass-Steagall Act”
This meant beginning work on the "New Deal," which involved multiple steps to work. Both regulation and reform of the banking system that was in place, as well as huge government spending to "prime the pump" to initially restart the economy, to be able to get business hiring and people employed, as well as the creation of a social services network to support those had lost economic power in the recession. The first one hundred days as it was later nicknamed, Roosevelt led the American government in passing fifteen different bills through congress. These bills were the making of their “new deal. Some of Roosevelt's most influential decisions during the first Hundred Days were “a national bank holiday, ending the gold standard and the Glass-Steagall Act”