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Many banks and businesses were forced to close their doors because of the country's economic decline. The farmers also felt the effects. Many farmers fell into bankruptcy that led to people losing their homes and savings (Library of Congress, 2002). The financial losses of the people caused them to depend on charity so they could survive. Most people were unable to help themselves during this devastating time so they looked to the federal government for help.
Most Americans were dissatisfied with economic programs President Herbert Hoover had in place. Franklin D. Roosevelt was then elected. While Roosevelt was in office, the New Deal was formed (Microsoft Encarta Online Encyclopedia, 2005)...
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