The Emergency Banking Relief bill attacked the banking crisis. ... This was an example of scarcity economics where overproduction was eliminated to increase profit. ... The Banking Act of 1935 required that all states join the Federal Reserve System in order to be part of the FDIC. ... This was also based on scarcity economics. ...

• Word Count: 929
• Approx Pages: 4
• Grade Level: High School

Roosevelt wanted a government headed more towards "Keynesian" economics. ... When Roosevelt took the presidential oath, the banking system was in a state of paralysis, and the economy was the worst it had ever been. ...

• Word Count: 1194
• Approx Pages: 5
• Grade Level: High School