The New Deal. What was the New Deal? The New Deal- A set of federal programs designed to alleviate the problems of the Great Depression.

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Presentation transcript:

The New Deal

What was the New Deal? The New Deal- A set of federal programs designed to alleviate the problems of the Great Depression.

The Main Goals of the New Deal Relief for the needy Direct relief Economic recovery Put people back to work Financial reform Regulate the financial sector

Reforming Finance and Business FDR declared a bank holiday to prevent further withdrawals. The Emergency Banking Relief Act was passed. This authorized the Treasury Department to inspect the nation’s banks. Banks that had money could reopen, those with no money had to stay closed. Congress passed the Glass-Steagall banking Act of This law established the FDIC. Congress also passed the Federal Securities Act and the Securities and Exchange Commission (SEC) These regulated and monitored the stock market.

Federal Work Programs The Agricultural Adjustment Act (AAA) Raised crop prices by lowering production. Civilian Conservation Corps (CCC) Put young people to work building roads, developing parks, planting trees, and helping in soil conservation. Public Works Administration (PWA) Federally funded construction projects. The Tennessee Valley Authority (TVA) Developed the Tennessee Valley by building dams and roads.

Federal Work Programs (Cont) Works Progress Administration (WPA) Put to work as many people as possible as quickly as possible. Between 1935 and 1943, the WPA put more than 8 million people to work. The WPA not only put people to work, but it also restored their dignity. hers/connect/resources/ 5141/preview/ hers/connect/resources/ 5141/preview/