-Emergency Relief Act
signed by Roosevelt
was an act that closed down all banks that were having trouble
it allowed the president to take control of the banks
he could send money to the banks that needed it
made it so that if someone needed a loan they had to go to the president
allowed the National Bank to give out bonds within a 90 day period
allowed the banks to accept an unlimited amount of currency
-Difference Between the First and Second Deal
the first new deal was established in 1933
it attempted to save the capitalistic system
it was meant to help banks
it was more made to help the system
the second deal was passed in 1935
it dealt with the class conflict of society
it was focused to help the common people
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