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”

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

Fixing Farms & Industry 3 Fixing Farms & Industry 3. Agricutural Adjustment Administration May 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

4. National Recovery Act June 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

Releif for the people 5. 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

6. Civilian Conservation Corps March 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

7. Public Works Administration June 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

8. Civil Works Administration Nov 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