Essay --

â€Å"Depression is a prison where you are both the suffering prisoner and the cruel jailer.† -Dorthy Rowe. The Great Depression was a hard and sad time for everyone around the 1930s. When President Franklin D. Roosevelt was elected as president, his campaign said, â€Å"Happy Days Are Here Again†. He was very hopeful, that in the early part of President Roosevelt’s campaign he instituted the New Deal to help America get back on its feet. The New Deal had two phases: phase one and phase two. President Roosevelt established the Federal Deposit Insurance Corporation, the National Industrial Recovery Act, the Social Security Act, and the Fair Labor Standards Act. President Roosevelt established the Federal Deposit Insurance Corporation (FDIC), it was established in 1933 to prevent the same losses during the Great Depression when banks became bankrupt and they couldn’t give money back to the people. The FDIC provided up to $250,000 in bank deposits. These bank deposits covered for national banks, state banks that is in the Federal Reserve System, and other qualified banks. In 2007, the FDIC took... Essay -- â€Å"Depression is a prison where you are both the suffering prisoner and the cruel jailer.† -Dorthy Rowe. The Great Depression was a hard and sad time for everyone around the 1930s. When President Franklin D. Roosevelt was elected as president, his campaign said, â€Å"Happy Days Are Here Again†. He was very hopeful, that in the early part of President Roosevelt’s campaign he instituted the New Deal to help America get back on its feet. The New Deal had two phases: phase one and phase two. President Roosevelt established the Federal Deposit Insurance Corporation, the National Industrial Recovery Act, the Social Security Act, and the Fair Labor Standards Act. President Roosevelt established the Federal Deposit Insurance Corporation (FDIC), it was established in 1933 to prevent the same losses during the Great Depression when banks became bankrupt and they couldn’t give money back to the people. The FDIC provided up to $250,000 in bank deposits. These bank deposits covered for national banks, state banks that is in the Federal Reserve System, and other qualified banks. In 2007, the FDIC took...