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Provides 3,000+ jobs for the unemployed and boost consumer confidence.
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This act raised tariffs on exported goods, which in turn caused other countries to raise their tariffs. This caused a rise in price of foreign goods, encouraging Americans to "Buy American".
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The closing of the federal banks caused american citizens to lose all of their savings and lose all confidence in the economy and government.
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10,000 banks were closed and 12,000,000 people were unemployed.
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renewed American's trust in government by initiating the "New Deal"
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Creates many job opportunities for American citizens and boost consumer confidence.
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The Works Progress Administration provided jobs to the unemployed and built new infrastructures such as new buildings, schools, bridges, etc. were also built. This is an economic event because people are now getting paid more, and there is a higher standard of living.
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Roosevelt continued to oversee the New Deal and US involvement in WW2
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Turned a collection of Automobile workers into a major Union leading the automobile industry to become unionized and initiated the formation of many other skilled worker's unions.
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Allows the US to send aid to the allied countries while staying neutral in the war. Keeps citizens from panicking and slowing down the economy once again.
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Official start of WW2. Raises tensions around the world. The US is now actively sending aid to allies in the form of supplies and equipment.
