Rectify the banking industry and overcome the financial crisis. The New Deal began with the reorganization of banks, and Roosevelt closed all banks for rectification on the third day of his inauguration. On March 9, Congress passed the emergency banking law, announced that it would stop the exchange and export of gold, authorized the federal bank to issue more banknotes to solve the currency famine, reformed the Federal Reserve Bank, and strengthened the state's management and control over banks. The implementation of this law has brought the banking and financial order back to normal, and people have restored their confidence in banks.
Resume industrial and agricultural production. 1933 in may, the national assembly passed the agricultural adjustment law, established the agricultural adjustment agency to regulate the market, and stipulated that the state should give subsidies to farmers who reduced planting and production in order to raise the prices of agricultural products. The government regulates agricultural production by administrative means, reduces the surplus of agricultural products, protects the interests of farmers and plays a positive role in agricultural recovery. In June, Congress passed the National Industrial Revival Law, which aims to restore industrial production, put all aspects of production under state supervision, reduce blind production, and adjust enterprise relations and labor relations with state intervention, thus creating favorable conditions for enterprise revival.
Protect labor rights and set minimum wages and maximum working hours. The Federal Emergency Relief Law was promulgated, and the Federal Emergency Relief Agency was established. Subsequently, the relief was changed to "work for relief" to solve the unemployment problem. Urge Congress to pass the "Private Resource Protection Team Plan" to attract young people to engage in public facilities construction, and then set up the Project Establishment Department and the National Youth Administration to create employment opportunities.
Establish a social security system. Through social insurance law, national labor relations law, public utilities law, fair labor law, tax law and other laws and regulations, and at the same time promote trade union construction.