Discuss Roosevelt's initial approach to the banking crisis and later efforts regarding the monetary supply, banks, securities, and the stock market.© BrainMass Inc. brainmass.com October 10, 2019, 1:06 am ad1c9bdddf
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To discuss Roosevelt's initial approach to the banking crisis information about the Great Depression must be included. The great Depression in the U.S. occurred in October 1929 as a result of the Stock Market crashing. Consequently, the economic, social, and political spheres of the U.S. were negatively influenced. Using the "New Deal" as his campaign platform, FDR won the presidential race against Herbert Hoover in 1932. By the time FDR took office on March 4, 1933, U.S. banks were on the ...
This solution outlines President Roosevelt's initial approach to the banking crisis during the U.S. depression