With the Great Depression casting a shadow over the 1932 election, Democrat Franklin D. Roosevelt was elected president over incumbent Republican Herbert Hoover.
Upon his inauguration, Franklin D. Roosevelt introduced the “New Deal.” New Deal policies provided jobs and funds for federal projects through a number of “alphabet soup” agencies.
President Franklin D. Roosevelt held the first of his fireside chats, a series of evening addresses to the American people broadcast on the radio. Roosevelt’s first chat concerned the banking crisis
At Roosevelt’s urging, Congress passed the Emergency Banking Bill, which took the nation off the gold standard, allowed some Federal Reserve System banks to reopen, and permitted the Federal Reserve and the Reconstruction Finance Corporation to provide funds to buy stocks in chosen banks.
The National Youth Administration (NYA) was a New Deal program established by an executive order of President Franklin D. Roosevelt in June 1935. The NYA created part-time jobs for high school and college students and provided relief and job training to unemployed young people.