1 / 9

New Deal A

New Deal A. Fixing the Banks: 1. Emergency Banking Relief Act - March 9 1933. Bank Holiday – Close banks What did this do? Stopped bank runs from bankrupting remaining banks Fire side chat – “safer to keep money in reopened bank then under matress ”.

ura
Télécharger la présentation

New Deal A

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. New Deal A

  2. Fixing the Banks: 1. Emergency Banking Relief Act - March 9 1933 • Bank Holiday – Close banks • What did this do? Stopped bank runs from bankrupting remaining banks • Fire side chat – “safer to keep money in reopened bank then under matress”

  3. 2. Federal Deposit Insurance CorpJune 1933 • What did this do? Protect bank deposits up to a certain point • Effects? Restore confidence in banks, deposits increase

  4. Fixing Farms & Industry3. Agricutural Adjustment AdministrationMay 1933 • What did it do? Pay Farmers to not raise certain crops causing prices and farmers income to raise • Issue? Raised prices, helped large commercial farmers not the little guys

  5. 4. National Recovery ActJune 1933 • What did this do? Created voluntary rules for businesses, suspended anti-trust laws • Code of fair a. set prices b. minium wage c. aided workers unions also – limit amount of shifts, shortened hrs • Issues? Helps large industries, higher wages = higher prices, difficult to oversee

  6. Releif for the people5. Home Owners Loan Corp 6/1933 • What did it do? Bought mortgagees of homeowners, restructured with lower rates and longer payments • Issues? Only help those still employed

  7. 6. Civilian Conservation CorpsMarch 1933 • This was FDR most highly praised program • What did it do? Gave jobs to 18-25 yrs old to work with forest service • Examples: plant trees, fight fires, build reservoirs

  8. 7. Public Works AdministrationJune 1933 • What did this do? Gave out construction jobs • Examples – highways, damns, schools, sewers • Who provided jobs? Government hired construction firms to build projects who would then hire workers

  9. 8. Civil Works AdministrationNov 1933 • What did this do? Provided short term construction jobs • Examples – airports, schools, roads, playgrounds • Who provided jobs – government • Why cancelled? Spent a lot of money and didn’t want people dependent on government providing jobs

More Related