Franklin Delano Roosevelt and the New Deal

Since the beginning of the depression, one-fifth of all banks had been forced to close. As a consequence, around 15% of the peoples life savings had been lost. By the beginning of 1933 people began losing faith in the banks and alot of people bagan with drawing their money and keeping it at home. The day after taking office, FDR ordered all banks to close, then asked Congress to pass legislation which would guarentee that people would not lose money if there were to be a...