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The New Deal 1933-1939
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FDR’s Fireside Chats
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1 st 100 Days Short term aids Not loans as under Hoover Bank Holiday Banks closed, designed to stop massive withdrawals Emergency Banking Act- gov’t examined all banks and allowed financially sound ones to reopen Federal Deposit Insurance Corporation (FDIC) Insured bank deposits up to $5,000
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Direct Relief Civil Works Administration (CWA) Federal, state, and local “make-work” projects (raking leaves, picking up trash, etc.) Civilian Conservation Corps (CCC) Men 18-25 planted trees, cleared underbrush, created park trails, developed campgrounds and beaches
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Public Works Agricultural Adjustment Administration (AAA) Paid farmers to reduce their output of corn, cotton, dairy products, hogs, rice, tobacco, wheat, and other commodities Supreme Court later overturned Tennessee Valley Authority (TVA) Built dams, power stations, combated malaria, illiteracy, soil erosion, etc.
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Regulation Securities and Exchanges Commission (SEC) Regulates companies that sell stocks and bonds National Industrial Recovery Act (NIRA) To stabilize industrial and business activity and reduce unemployment Public Works Administration (PWA) Contracted with private firms to build roads, public buildings, and other public works projects National Recovery Administration (NRA) Encouraged businesses to work together to set hours, prices, production levels, and wages Enthusiastic at the beginning, but faded Supreme Court later declared NIRA unconstitutional
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Discrimination Segregation in programs Lower wages Roosevelt named many African Americans to government posts- many came at the request of Eleanor Roosevelt American Indians- inadequate housing, malnutrition American Indian Defense Association- fought to protect religious freedom and tribal property Indian Reorganization Act of 1934
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Critics Liberal and conservative both Dr. Francis E. Townsend (California) Pension of $200 month to every American over 60, but they had to spend it within 30 days Father Charles E. Coughlin (Michigan) Nationalize all banks and return to silver standards Senator Huey Long (Louisiana) Share-our-Wealth- government would seize wealth from rich through taxes and then provide a guaranteed minimum income and home to every family Many people agreed with his views
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