Roosevelt was elected as the president of the United States of America at a juncture of deep economic crisis of the country. He went on to instill hope in the minds of the gazillion people of the nation with “The New Deal” that promised to deal with the impediment. Although the response of the government under Roosevelt was successful in addressing the temporary employment problem in part, it could not uplift the country’s economy totally to be like that in the 1920s. However, the role of the government got changed drastically owing to the steps taken by President Roosevelt. In the very first hundred days of office, the government pushed through as many as fifteen bills to counter the depression. One of the first acts granted a national bank holiday that was ambitioned at getting the banks of the country back into solvency. Moreover, the Glass-Stegall Act went on give federal guarantees on debts lesser that five thousand dollars.
