How Did Franklin D Roosevelt Influence The American People

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Franklin Delano Roosevelt (1883 – 1945) was inaugurated as the President of The United States on March 4, 1933. During the election year, there was little belief that a democrat would take the White House. Roosevelt received most of the elections in the polls and he was soon to propose his new ideas. Roosevelt came from a wealthy family who had a history of politics, so it was not a surprise to see him as president. During his Democratic speech he announced “I pledge you, I pledge myself to a new deal for the American people”. The New Deal that he promised was put into place and forever changed the role of the government in the economic life of America. Roosevelt never had any set action to take, but instead promised trial and error runs until something worked. Soon after he took action and it was what the American People had wanted he spoke the line “We have nothing to fear except fear itself”. Roosevelt never has a “set plan” throughout his presidency, but took the actions that needed to be taken. His Recovery, Relief, and Reform program was put …show more content…
These are the Glass- Steagall Bank Act and the Federal Deposit Insurance Corporation. The Glass-Steagall Bank act was also known as the emergency banking act. This was sponsored by Senator Carter Glass. It forced the separation of investment banking and commercial banking. This act was a need because of the banking crisis the dangers of an unregulated banking system was exposed. The commercial side of the banks were healthy and the finical side drug the banks down. The Emergency Banking Act lives off of the Federal Deposit Insurance Corporation. (FDIC) This was set up to insure bank deposits. The Federal Deposit Insurance Corporation insured deposits up to 5,000 in 1933. The amount increased in stages to 100,000 by 1980. In 2008 the number was raised to 250,000. Roosevelt thought that the Federal Deposit Insurance Corporation may be too