When Franklin D. Roosevelt accepted the Democratic nomination for president in 1932, he promised the American people a “New Deal.” The New Deal was President Roosevelt's program to address the growing Great Depression. On March 9, 1933, exactly five days after taking office, FDR kept his promise to the people and began implementing his New Deal. The purpose of the New Deal was to alleviate economic hardship, help millions of Americans, and solve the problem of unemployment. However, after the implementation of the New Deal, the economic system worsened due to rising inflation and heavy deficits. Millions of farmers were left destitute, businesses failed, and the unemployment rate rose dramatically. As a result, FDR's New Deal prolonged the Great Depression. President Roosevelt wanted to increase inflation in order to raise prices. His first approved program was the Emergency Banking Relief Act with the intent of increasing the money supply and credit expansion. FDR wanted to swell and raise prices and wages. He was convinced that the dollar sh...