Government’s Role in the Economy, Part I: The Stock Market Crash of 1929

Since you are a member of the president’s “brain trust,” Franklin D. Roosevelt has asked you for your assistance with the banking crisis. For your response, compose a policy statement in which you first describe the economic and financial situation at the time of the inauguration, and explain the historic origins of the state of the nation going back to 1929. Offer the president an analysis of the current range of public opinions on the banking crisis, and suggest at least three possible policies based on your description and analysis.

How would you advise President Roosevelt to proceed?