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Academy For Scholarships and Entrepreneurship
Daquan Stephenson
5/15/2013
New Deal
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Franklin D. Roosevelt's New Deal was successful. The New Deal was used to refer to the united states president Franklin D. Roosevelt's program to solve the economic problems created by the Great Depression of the 1930's. However, the new deal didn't end the Depression, but it did relieve much economic hardships and gave Americans faith in the democratic system at the time when the other nations hit by the depression turned to the dictators. The New Deal programs were admired by some people and rejected by other people. The reason to why it was successful was because of the many relief policies. These policies focused on three general goals hope for the needy, economic recovery, and financial reform. During the great fall of the economy in other words the great depression president Roosevelt tried to save the national banking system by closing the Nations bank and declaring it as a bank holiday. During the time citizens of America couldn't withdraw any of their money of deposit or make any transaction due to suspension of all accounts across the nation. That acted as a required over look of da banks to make sure their investors or accounts holders had enough funds to meet their depositors demand. That dramatically increased the trust in the banks from the public for once they are up and running again. The bank holiday relief act made the government recognize and reopen those banks. As stated from president Roosevelt "There must be a strict supervision of all banking credits and investment, there must be a an end to speculation with other people money" that statement then leads to growth in the public of the bank system when then kept the bank system grow steadily. Another

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