The Great Depression began from 1929 to 1941, when much of the US economy collapsed and many of the richest people lost their money as 1/3 of the economy American was based on the richest 5% of Americans. Millions of regular workers have been left unemployed while thousands of businesses have gone bankrupt, as more and more people have found themselves out of work with a lower salary, they have reduced buying new things with credit because if they cannot pay the installments on time they will lose the goods they have purchased. The suicide rate also increases by 50% compared to the records of the previous eight years. In the first week of the stock crash, stocks fell by a total of $30 billion, or about $406 billion in today's price. Most banks closed their doors and other banks struggled to stay open. The Federal Reserve raised interest rates, which further discouraged further borrowing. Many Americans sell their stocks regardless of how much money they get and refuse to invest again while the market is declining. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay In 1933, American exports were at their lowest price since 1905, when nearly ninety thousand businesses went bankrupt and corporate profits had fallen to 60 percent. In the same year, Roosevelt's New Deal began to take hold. Roosevelt declared a national holiday to close all banks that day. Three days after that statement, the president presented to the new members of Congress the Emergency Banking Relief Act, which provided congressional permission for banks to reopen and the government will provide funds to support some banks. With no written version of the bill, in less than 4 hours the Democrats and Republicans gave FDR what he wanted. This was a new change to the banking portion of the New Deal. For the job creation portion of the New Deal agencies, the first relief program called the Civilian Conservation Corps (CCC) was declared on March 31 of that year. step to ensure that people have jobs and homes. It created several thousand military-style camps to provide homes, jobs, health care, and a good environment for unemployed males between the ages of 18 and 25. Within a few months of the law over three hundred thousand men received $30 a month, while $25 was sent home to their parents. By 1941 more than 3 million found work through the Civilian Conservation Corps. The CCC reached only a small percentage of those who needed aid, so the Roosevelt administration created another act called the Federal Emergency Relief Administration (FERA) to broaden the range of assistance. In the first year the law takes effect, the law will provide housing, food and medical care to approximately 5 million people nationwide. A temporary law called the Civil Work Administration (CWA) was also created to provide emergency unemployment relief during the winter of 1933-1934. The goal of this program was to provide as many work projects as possible during the winter. He hired 4 million unemployed people for state and local federal work projects that took place during the winter. For the agricultural side of the New Deal administration Roosevelt declared the Agricultural Adjustment Act (AAA) to help agriculture recover where farmers were paid to reduce the mass production of surpluses that could lead to lower prices of agricultural products . After helping solve the farmers' problem with the Agricultural Adjustment Act,.