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Essay heading: The New Deal
Essay specific features
| Issue: |
History |
| Written by: |
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| Date added: |
September 15, 2003 |
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| No of pages / words: |
5 / 1387 |
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0 times |
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Essay content:
In the first two years, the New Deal was
concerned mainly with relief, setting up shelters and soup kitchens to feed the millions of
unemployed. On March 6, 1933 Roosevelt called a nationwide bank holiday, and on
March 9 Congress passed the Emergency Banking Act, which provided for federal bank
inspections...
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In the summer of 1933, the Glass-Steagall Act set much more stringent rules
for banks and provided insurance for depositors through the newly formed Federal
Deposit Insurance Corporation (FDIC). These acts helped to restore the confidence in the
wake of widespread bank failures. Two acts, one in 1933 and one in 1934, required
detailed regulations for the securities market, enforced by the new Securities and
Exchange Commission (SEC)...
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