When President Franklin D. Roosevelt came into office during the great depression, he aimed to bring back the prosperity to all Americans, known as "The New Deal". He came into office confident making people feel very positive about the direction in which the country would go in. the main legacies of the new deal are, was the relief to help the millions from suffering. Second were the major laws that were put forth to recover the economy, the Agricultural Adjustment Act along with the National Recovery Act. Lastly is the reform that went on to make sure nothing like the great depression would ever happen again.
The first phase of the New Deal was called relief that helped millions of suffering Americans as soon as possible. Many people wanted to withdraw their money out of the banks because they were afraid of losing money. People had very little belief in the economy system was down terribly. To rescue the financial system, Franklin D. Roosevelt announced that all banks would be closed for four days to audit their financial abilities on March 5th, 1933. The banking laws were passed and affected people immediately. Franklin D. Roosevelt got Congress to pass a bill to help banking system. The Federal Deposit Insurance
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The first major law was the Agricultural Adjustment Act that helped to raise the farm prices by limiting the production. People could work less and had the same income as they had before due to the increasing of their products values and the government was willing to pay them not to plant. Second, is the National Recovery Act, which was passed by the National Recovery Administration. This act authorized companies to form cartels in exchange for guaranteeing certain rights for their employees. The labors did not worry about getting laid-off anymore because they are under protection of the act. This recovery phase helped farmers and workers to have stable income to support for their