The great American depression reared its ugly head on October 29, 1929 when the American stock market, which had been growing steadily, collapsed. That day, known as "Black Tuesday," catapulted the country into the worst economic nosedive in its history. As banks failed, the companies went bankrupt as well and the country's money supply shrunk significantly. As companies were going bankrupt, they started to fire their employees to reduce the budget, which led to increase of unemployment by 25%. Between 1929 ~ 1932, 100,000 people lost jobs every week until 13 million were jobless, one to two million were homeless, and emigration out of the country exceeded immigration into the country due to lack of jobs in the country. All these factors summed up to cause 25% drop in living cost and 40% drop in family income. It was clear that the people needed immediate response to this devastation. To bring relief to the people during this era, FDR controlled American policy through the depression with his series of domestic programs so called "New Deal." Although, New deal didn't bring end to depression, it was successful in creating new programs that brought relief to Americans and restored public confidence. Roosevelt's new deal permanently changed the federal government's relationship to the people. By 1932, America hit its one of the gloomiest years of the great depression that left "the invisible scar 1 in people, the emotional and psychological toll of the depression years. Roosevelt knew the sufferings of the people and acted immediately in an attempt to stabilize the economy and to provide jobs. FDR's New Deal programs aimed to revitalize the people in order to bring America back to way it was. FDR was aware of the problems that America was facing. Mentioned in his first inaugural address, "our greatest primary task is to put people to work. This is no unsolvable problem if we face it wisely and courageously. 2 His statement appealed to people because it showed he cared, he knew, he will try to solve this problem, and is his priority. He created a New Deal in his first 100 days of office. The New Deal consisted of three R's, which stood for Relief, Recovery, and Reform. Emergency Banking Act was passed by the congress in an attempt to stabilize the economy and Roosevelt declared a Bank Holiday, beginning March 6th, 1933, a five-day national holiday to close banks temporarily. This was earn time for banks to reopen in a more solid footing. Insolvent banks were closed and solvent ones reopened. When the banks reopened people stood in line to deposit their reserved cash. Also, to make more effective plan for relief through Federal Emergency Relief Act, Roosevelt calls Harry Hopkins, who had 20 years of experience with social work and welfare problems. Roosevelt was aware of the past where federal government's relief efforts didn't suc