The Great Depression began from 1929 to 1941, where much of the American economy collapsed and many of the richest people lost their money while a third of the American economy is based on the richest 5 percent of Americans. Millions of habitually employed people found themselves unemployed as thousands of businesses went bankrupt, as more and more people found themselves out of work on smaller paychecks, they cut back on their purchases of new things to credit, because if they can't pay the installments on time, they will lose. the goods they purchased. The suicide rate also increased by 50% compared to the records of the previous eight years. During the first week of the stock market crash, stocks fell a total of $30 billion, or about $406 billion from their current price. Most banks closed their doors and others struggled to stay open. The Federal Reserve has raised interest rates, further discouraging borrowing. Many Americans dump their stocks, no matter how much they get, and refuse to invest again until the market falls. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay. In 1933, American exports were at the lowest price since 1905, when nearly ninety thousand companies had failed and corporate profits had fallen to 60 percent. That same year, Roosevelt's New Deal began to take shape. Roosevelt declares a National Bank holiday to close all banks that day. Three days later, after this statement, the President presented to the new members of Congress the Emergency Bank Relief Act which was congressional authorization for banks to reopen and the government would provide the funds to support certain banks. Without any written version of the bill, in less than 4 hours, Democrats and Republicans gave FDR what he wanted. This was a new change for the banking part of the New Deal. For the job creation part of the New Deal agencies, the first relief program called Civilian Conservation Corps (CCC) was declared on March 31 of the same year. step to give people jobs and housing. It created several thousand military-style camps providing housing, jobs, health care and a supportive environment for unemployed males aged 18 to 25. Within months of the law's passage, more than three hundred thousand men were receiving $30 a month, $25 of which was sent home to their parents. By 1941, more than 3 million people had obtained jobs through the Civilian Conservation Corps. The CCC reached only a small percentage of those in need of assistance, so the Roosevelt administration created another law called the Federal Emergency Relief Administration (FERA) to broaden the scope of aid. In the first year of the law, up to 5 million people will be able to receive housing, meals and medical care across the country. A temporary law called the Civil Work Administration (CWA) was also created to provide emergency unemployment assistance during the winter of 1933-34. The goals of this program were to provide as many work projects as possible during the winter. It hired 4 million unemployed workers for federal and local work projects taking place during the winter. For the agricultural portion of the New Deal, the Roosevelt administration declared the Agricultural Adjustment Act (AAA) to help agriculture recover where farmers were paid to.