Fireside chats dust bowl4/17/2024 ![]() ![]() The healthy banks were authorized to reopen on March 13. The Act gave the government authority to examine bank finances, provide needed capital, and determine which banks were fit to reopen. Rushed to Congress four days later, it was approved within hours. Treasury officials feverishly began work on the Emergency Banking Act. Then he called Congress into special session to pass emergency banking legislation. Declaring a “bank holiday,” he temporarily closed all the nation’s banks. On his first full day in office, FDR confronted his greatest challenge- the banking crisis that threatened to destroy America’s economy. He would use government to relieve hardship and pump life into a collapsed economy. Want to test your expertise of FDR and the New Deal? Try answering the critical thinking questions at the end of the section! Be sure to use evidence/examples from the module.Fireside Chat on the Banking Crisis Curriculum HubįDR believed recovery from the Depression was impossible without massive government action. These programs have transformed the extent to which the government intervenes in humanitarian issues today. Notably, some fragments of the New Deal are still in place today, like Social Security. The program and policies implemented led to more women, African Americans, and minority groups entering the workforce and becoming active voters. ![]() The New Deal and FDR’s presidency profoundly impacted American politics and government. Throughout the implementation of the Second New Deal, FDR also begins to seek out re-election for his second term in office. The Social Security Act provided a safety net in pensions to Americans and allowed the government to provide assistance and insurance to the unemployed and dependents. For example, the Works Progress Administration (WPA) provided government or public jobs within libraries, construction, the arts, national parks, and schools. ![]() Thus began the Second New Deal, an even more robust set of government programs. Despite this quick and deliberate plan, the economy was still suffering, and the environmental effects of the Dust Bowl persisted. In those First Hundred Days, many more bills passed by Congress had won over a majority of the American people’s confidence.
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