New Deal Dbq

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When Franklin D. Roosevelt was elected in 1932, at the all-time low, he promised a “New Deal” for Americans. The “New Deal” was a series of programs and projects that aimed to restore the economy of America. On March 5, 1933 after delivering his inaugural address he declared a four-day bank holiday in order to stop people from withdrawing money from unstable banks. On March 9, four days later, Congress passed Roosevelt’s Emergency Banking Act which reorganized banks and closed the ones that were bankrupt. He urged Americans to put their savings back into banks and by the end of the month about three fourths had reopened. In May, Roosevelt had signed the Tennessee Valley Act which allowed the federal government to build dams along the Tennessee

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