More money was spent on advertising than on education in a year. $6 billon goods were on credit. 80% of American families had no savings. In the last 60 days of 1933, 600 banks closed. By 1933, 28 states had no banks. Stock market loses 12 times the money the federal government uses in a year. Some stocks were trading at 50 times the worth of their value. 34 million have no source of income. 200,000 children wander the country. 1 out of 4 people were jobless. The New Deal was successful because of the emergency banking relief act and the national industrial recovery act. The New Deal was successful because of the emergency banking relief act, by reopening banks that had enough money to reopen. So people could have banks. Some things to support
