off on July 1st 1934, with the $2500 set as the ceiling. This was necessary because the white house still had to figure out how all of this would work. The temporary plan was put in to assure the people, the very creation of the FDIC, and the backing by FDR of the Glass-Steagall Act is what shows Americans that the banking system will survive and hopefully thrive. Ultimately, this led to the end of the bank runs that crippled the economy, the panic seemed to stop overnight. The federal system, with FDR at the helm, superimposed on the top, takes the pressure off the state governments. The federal reserve had their power broadened, they now had the power to interfere in a banks inner workings if they felt they were acting in a corrupt or doltish manner. For the moment, following the passing of the Emergency Banking Act as well as the Glass-Steagall Act, FDR thinks the financial meltdown is over, he wanted to move onto other issues of magnitude. Glass-Steagall provided security, at the low end of the spectrum especially. Post 1935, FDR showed little interest in bank reform, for in his mind the emergency had passed. Feeling empowered following the success of Glass-Steagall and the financial reform policies, FDR decided to then create a social insurance program. Ultimately, it was to be the Social Security Act, as well as the rest of the “New Deal” programs that laid the foundation for the modern welfare state in the United States. The Social Security act provided economic security for the elderly, as well as the poor and sick. Despite the conservative nature of the Social Security Act of 1935, it remains the first time the federal government of the United States took responsibility for the financial security of the nations most vulnerable. While the first round of the “New Deal” reforms enjoyed wide support among the public, the second challenged certain sectors; with a plethora of influential politicians and business leaders likening FDR to leftist thinkers and leaders. However, FDR was able to used this challenge to his advantage, calling those who opposed the sweeping reforms to be mere backers of the wealthiest 1% of Americans. Roosevelt was able to isolate his opponents strengthening himself for the 1936 landslide. It is here where FDR develops his reputation for being more influenced by pragmatism than any ideology.