What did Franklin Roosevelt do to reduce the effects of the depression the day after he became president.
1. He closed the stock market to prevent further losses
2. He signed a bill to provide money to industries so they could reopen and put people back to work
3. He closed all the banks until federal examiners could determine if they were sound enough to survive
4. He pledged that the government would take an active role in establishing price controls for businesses and farmers
5. He took steps to stabilize the agriculture industry by providing subsidies to farmers and creating programs to reduce overproduction
6. He announced plans to create public works projects to provide jobs and stimulate economic growth
7. He implemented the New Deal programs, including the Civilian Conservation Corps and the Works Progress Administration, to provide employment opportunities for millions of Americans
8. He worked with Congress to pass legislation such as the Emergency Banking Act, the Federal Emergency Relief Administration, and the National Industrial Recovery Act to address the economic crisis
9. He implemented social welfare programs such as Social Security to provide assistance to those in need
10. He delivered fireside chats to communicate with the American public and instill confidence in his administration's ability to address the depression.