Create an account
FDR closes all American banks for 4 days (Congress meets to discuss legislation); Creates a great sense of relief for the public
Emergency Banking Act
Generally Conservative Bill- Treasury Department inspections of all banks before reopening; Federal assistance to troubled institutions; thorough reorganization of those with most difficulty
Agricultural Adjustment Act (AAA)
May 1933; Program for reducing crop production (stop producing surplus goods) and stop the decline in farm prices; Ruled unconstitutional in 1936
The Radio President
FDR- First president to regularly use the radio; "Fireside Chats" to explain prgrams and plans & gain give the people confidence in them
Schechter Brothers (Run poultry business in Brooklyn); Congress rules not engaged in interstate commerce, therefore, not subject to federal regulation
Tennessee Valley Authority (TVA)
Gives 2.5 million poor citizens jobs and land by building dams (Creates cheap electricity for southern states)
June 1933; Gave government authority to curb irresponsible speculation by banks, Established the Gederal Desposit Insurance Corporation (Insures that if a bank fails, money up to $2500 is still guarenteed)
Truth in Securities Act
1933; To protect investors in the stock market; Requires corporation issuing new securities to provide full/accurate info to the public
Federal Emergency Relief Administration (FERA)
Provided cash grants to states to prop up bankrupt relief agencies
Civilian Conservation Corps (CCC)
To provide employment to young men w/ no jobs in cities- created camps in places like national parks where the men worked in a semimilitary environment on jobs like planting trees and building parks
"Second New Deal"
Launched by FDR in spring of 1925 in response to growing criticism; new program of legislation; FDR willing to attack corporate interests openly
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