Roosevelt's New Deal and the Great Depression

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When Franklin D. Roosevelt accepted the Democratic nomination for presidency in 1932, he promised the American people a “New Deal.” The New Deal was President Roosevelt’s program to deal with the deepening Great Depression. On March 9, 1933, exactly five days after his inauguration, FDR kept his promise he made to the people and began implementing his New Deal. The purpose of the New Deal was to relieve the economic hardship, to help millions of Americans, and to solve the unemployment problem. However, after the New Deal was implemented, the economic system worsened through increased inflation and heavy deficit. Millions of farmers were left destitute, businesses failed, and the unemployment rate rose drastically. As a result, FDR’s New Deal prolonged the Great Depression.
President Roosevelt wanted to increase inflation with the purpose of raising prices. His very first program passed was The Emergency Banking Relief Act with the intent of increasing the money supply and credit expansion. FDR wanted to re-inflate and raise prices and wages. He was convinced that the dollar sh...

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