What measures did Roosevelt introduce in his New Deal to bring recovery in banking, agriculture and industry?
… and help for the sick, disabled and needy. Roosevelt realised how important it was to gain the trust of the American people and arouse their confidence. Therefore, just eight days after his inauguration, he gave the first of his famous radio broadcasts, which became known as ‘fireside chats’. He explained his actions in a simple and direct way, and asked Americans to work with him. Roosevelt’s broadcasts were astoundingly successful, none more so than the first one, which dealt with the important issue of the banks. In becoming President, Roosevelt’s most urgent problem was to rescue the banks. Since 1930, over 5000 banks had been forced to close down, and the banking system was on the point of collapse. This is because savers had withdrawn their money and businesses had not been able to repay bank loans. Therefore immediately FDR, ordered all of America’s banks to close and remain closed until they …
