Part 8/10:
In 1932, Franklin D. Roosevelt assumed the presidency, bringing forth a wave of optimism with his New Deal programs. Roosevelt's administration sought to reshape the American economy with a series of reforms that included social security, minimum wage laws, and unemployment insurance. Major banking reforms were enacted, including the introduction of Federal Deposit Insurance to restore confidence in the banking system.
These policies helped stabilize the economy and rebuild public trust, but a full recovery was still several years away. The global ramifications of the Great Depression contributed to the rise of extremist governments, ultimately culminating in World War II.