When Franklin D. Roosevelt accepted the Democratic nomination for president in 1932, he promised the American people a "New Deal." The New Deal was President Roosevelt's program to deal with the worsening Great Depression. On March 9, 1933, exactly five days after his inauguration, FDR kept his promise to the people and began implementing his New Deal. The goal of the New Deal was to relieve economic hardship, help millions of Americans, and solve the problem of unemployment. However, after the implementation of the New Deal, the economic system deteriorated due to increased inflation and a heavy deficit. Millions of farmers were left destitute, businesses went bankrupt, and unemployment rates rose dramatically. As a result, FDR's New Deal prolonged the Great Depression. President Roosevelt wanted to increase inflation in an effort to raise prices. His very first program passed was the Emergency Banking Relief Act with the aim of increasing the money supply and expanding credit. FDR wanted to inflate and raise prices and wages. He was convinced that the dollar sh...