In March of 1933, Franklin Delano Roosevelt took over as president in the midst of the Great Depression. Roosevelt faced this situation by expanding government involvement in economic recovery. In his first 100 days, FDR approved a number of congressional acts aimed at providing jobs for unemployed Americans and greater federal government regulation of the economy.
On his second day in office, Roosevelt declared a bank holiday which halted a run on banks in which fearful Americans were withdrawing their savings. This also allowed time for Congress to pass the Emergency Banking Act which gave the president greater power over the nation's banks. Banks were allowed to reopen for business after proving they were solvent. After the four day bank holiday, many banks reopened and the public had greater confidence in the banking system. Some banks, however, were deemed to have acted improperly and were forced to close.
At the end of his first month in office, Roosevelt approved the Reforestation Relief Act, which led to the creation of the Civilian Conservation Corps. This created approximately 250,000 jobs for young, unemployed men. These men would be tasked with forest conservation, road construction, and the development of national parks.
In the following months, Roosevelt would approve the Federal Emergency Relief Act. This provided state governments with funds to create projects and address unemployment across the states. Roosevelt also approved the Agricultural Adjustment Act, which established prices for agricultural goods and provided subsidies to farmers to halt production of certain crops which had been produced in excess. This allowed for a decrease in supply and pricing to return to normal.
Additional acts approved by Roosevelt in his first 100 days included the creation of the Tennessee Valley Authority, which sought to construct dams and power plants in the Tennessee Valley, to bring electricity to Americans in regions who did not previously have it. Again, this program was aimed at not only improving quality of life, but also providing jobs to unemployed Americans. Roosevelt also approved the Federal Securities Act to regulate stocks and bonds and hopefully prevent a situation like the one that led to the Great Depression. Roosevelt also sought to assist homeowners through the Home Owners Refinancing Act.
As you can see, Roosevelt's first 100 days in office were filled with action. Roosevelt's predecessor, Herbert Hoover, is criticized for his lack of action and failure to recognize the significance of the Great Depression. Roosevelt certainly understood the significance of the Great Depression and addressed it through government actions.