When FDR took the oath of office as President, there was just a little tension. All of the banks were closed...
It had been the theory of Hoover that it was not the role of government to intervene in the creation of jobs etc...When FDR took office he quickly took the US off the gold standard, and then gradually devalued the dollar to .62. He reopened the strong banks. Created a barrier between the banks and the brokers---that has since been torn down. He had a foreclosure holiday....Added support for farming with AAA. and much, much more.
It's time for folks to go back and read some history of the 30's.
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