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EMERGENCY BANKING RELIEF ACT PowerPoint Presentation
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EMERGENCY BANKING RELIEF ACT

EMERGENCY BANKING RELIEF ACT

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EMERGENCY BANKING RELIEF ACT

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  1. EMERGENCY BANKING RELIEF ACT • IMMEDIATE PURPOSE • AUTHORIZED THE TREASURY DEPARTMENT TO INSPECT AND CLOSE BANKS • LONG-TERM GOAL • TO RESTORE PUBLIC CONFIDENCE IN BANKS

  2. GLASS-STEAGALL BANKING ACT OF 1933 • IMMEDIATE PURPOSE • ESTABLISHED FDIC • LONG-TERM GOAL • TO RESTORE PUBLIC CONFIDENCE IN BANKS

  3. FEDERAL SECURITIES ACT • IMMEDIATE PURPOSE • REQUIRED CORPORATIONS TO PROVIDE COMPLETE INFORMATION ON ALL STOCK OFFERINGS • LONG-TERM GOAL • TO RESTORE PUBLIC CONFIDENCE IN STOCK MARKET

  4. NATIONAL INDUSTRIAL RECOVERY ACT (NIRA) • IMMEDIATE PURPOSE • SET PRICES; ESTABLISHED LABOR STANDARDS • LONG-TERM GOAL • TO ENSURE FAIR BUSINESS PRACTICES AND TO PROMOTE INDUSTRIAL GROWTH

  5. AGRICULTURAL ADJUSTMENT ACT (AAA) • IMMEDIATE PURPOSE • PAID FARMERS TO LOWER PRODUCTION • LONG-TERM GOAL • TO RAISE CROP PRICES (AND THUS, FARM INCOME)

  6. TENNESSEE VALLEY AUTHORITY (TVA) • IMMEDIATE PURPOSE • BUILT AND REPAIRED DAMS AND OTHER PROJECTS IN THE TENNESSEE VALLEY REGION • LONG-TERM GOAL • TO CREATE PROSPERITY IN THE IMPOVERISHED TENNESEE VALLEY REGION

  7. CIVILIAN CONSERVATION CORPS (CCC) • IMMEDIATE PURPOSE • PUT YOUNG MEN TO WORK ON ROADS-BUILDING AND CONSERVATION PROJECTS • LONG-TERM GOAL • TO REDUCE UNEMPLOYMENT

  8. FEDERAL EMERGENCY RELIEF ADMINISTRATION (FERA) • IMMEDIATE PURPOSE • PROVIDE DIRECT RELIEF FOR THE NEEDY • LONG-TERM GOAL • TO PROVIDE FOR THE BASIC NEEDS OF THE PEOPLE HIT HARDEST BY THE DEPRESSION

  9. PUBLIC WORKS ADMINISTRATION (PWA) • IMMEDIATE PURPOSE • PROVIDED MONEY TO STATES TO CREATE JOBS • LONG-TERM GOAL • TO REDUCE UNEMPLOYMENT

  10. CIVIL WORKS ADMINISTRATION (CWA) • IMMEDIATE PURPOSE • PROVIDED 4 MILLION IMMEDIATE JOBS • LONG-TERM GOAL • TO REDUCE UNEMPLOYMENT

  11. HOME OWNERS LOAN CORPORATION (HOLC) • IMMEDIATE PURPOSE • PROVIDED GOVERNMENT LOANS TO HOMEOWNERS WHO FACED FORCLOSURE • LONG-TERM GOAL • TO HELP FAMILIES KEEP THEIR HOMES

  12. HUEY LONG • A SPOKESMAN FOR THE POOR • A GOVERNOR OF LOUISIANA AND LATER, ITS U.S. SENATOR • AN EARLY SUPPORTER OF THE NEW DEAL WHO LATER TURNED AGAINST ROOSEVELT. • HIS “SHARE OUR WEALTH” PROPOSAL WAS EXTREMELY POPULAR NATIONWIDE • HE WAS ASSASSINATED IN 1935 AT THE HEIGHT OF HIS POPULARITY