Banking Crisis- When FDR took office, thousands of banks ran out of currency (money) thanks to the recent stock market crash. To fix this, he declared a four day bank holiday. During this time, the federal government investigated banks and their records. Banks that made smart decisions were given currency in order to reopen. Banks that gave out a significant amount of bad loans were to be monitored by the federal government.
Unemployment- FDR tried to combat unemployment by creating several different federal agencies that called on the government to hire thousands of American citizens. Popular agencies include the Works Progress Administration and the Civilian Conservation Corps.
