In 1933 Franklin D. Roosevelt was inaugurated as president. Although he is credited with ending the Depression in America he didn’t have a clear strategy for recovery.

In the first ‘100 Hundred Days‘ of Roosevelt’s presidency, thirteen major programs were initiated to provide structure and support for recovery in banking, industry and agriculture, and to establish federal relief for the needy.

The Tennessee Valley Authority and the Civilian Conservation Corps were examples of Government projects set up to provide employment for the millions of unemployed Americans hit hard by the economic recession.

The unemployed were offered jobs in public works and farmers were paid subsidies to reduce output and raise prices.
The Federal Deposit Insurance Corporation was established to protect depositors from losing their savings in the event of another crash or banking failure.

In 1936, a system of unemployment insurance and old age pensions had been introduced. In 1938 a new law established a minimum wage and maximum working hours in a week.

The legal position of the trade unions was improved with the introduction of collective bargaining and the right of labor to form its own organizations.

These activities however did not solve all the difficulties of the Depression. The sudden economic downturn in 1937 caused Roosevelt’s liberal advisers to urge him to resume deficit spending. The economy didn’t really recover until war had broken out again in Europe in 1939 and the United States