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Why Did The New Deal Stabilize The Economy

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The New Deal was a set of reforms and programs set in by the President of the time, Franklin Delano Roosevelt (FDR). It started when he took office in 1933 and swiftly tried to stabilize the American economy. It started off when he passed his Emergency Bank Act in which he pleaded with people not to withdraw their money. He then ended Prohibition, which allowed the purchase of alcohol, streaming money into the dying economy. He created the WPA in order to provide jobs for those who were unemployed when he released his Second New Deal. On December 7, 1941, the Japs bombed Pearl Harbor and this signified our entrance into WW2, which would lead to our economy experiencing a boom.

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