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FDR and the new deal. - Coggle Diagram
FDR and the new deal.
what shape did the new deal take.
Relieif,
THE CIVILIAN CONSERVATION CORPS (CCC)
This was a plan which aimed at providing state backed employment.
The army was tasked with running labour camps that offered employment to curb joblessness.
Unemployed young men were given work in these camps and more than 2.5 million jobs were created.
These jobs included building dams that were later used for hydro-electricity and afforestation
HE EMERGENCY BANKING ACT (EBA)
Banks were temporarily closed to allow for an examination of banking and policies around banking in the USA.
This was followed by Federal support and intervention in the banking system.
Banks were then reopened with continued Federal support and intervention.
THE FEDERAL EMERGENCY RELIEF ACT (FERA)
The Federal government allocated $334 million of state money that was accumulated in taxes through the boom years to the individual states in America.
This money was earmarked for the creation of jobs in those states.
Over 4 million new jobs were created in this way
Rehabilitation.
THE NATIONAL INDUSTRY RECOVERY ACT (NIRA)
Codes were introduced to stabilise production, regulate working hours and labour standards
Wages were also set at satisfactory level and all unfair labour practises were outlawed.
Trade unions were introduced.
The businessmen were really unhappy with this state intervention as it gave too much protection to labour
THE AGRICULTURAL ADJUSTMENT ACT (AAA)
The biggest task was to get the farmers back to their farms, as many had left during the depression years.
Once this was achieved, various measures were put in place:
Subsidies were given to farmers so they could produce again
Food was destroyed so that there was no surplus at the markets, which would cause low prices and farming would be unproductive
Loans were given to farmers to help them with their bond repayments
THE TENNESSEE VALLEY ACT (TVA)
Was created to help the underprivileged and was beneficial for the farmers.
Dams were built by the underprivileged around farms (CCC), this water was used by the farmers.
Fertilizers were made available for farmers at little to no cost to them.
THE TRUTH AND SECURITIES ACT (TSA)
The TSA demanded that companies provided full disclosure about their finances before being allowed to benefit from the Stock Exchange.
Companies were forced to register themselves with the Securities Exchange Commission (SEC).
This was key in preventing fraud off of the Stock Market as well as held those who were in violation of these measures liable.
Banks were no longer able to give loans for the stock market.
People now had to qualify for loans, based on whether they could pay it back
Reform.
BACKGROUND.
Wall Street crash 1929.
Great Depression.
Great Depression leads to financial strife.
Republican Government (hoover).
Laisses-faire policy on business,
Non-involvement by government in the economy.
The belief of rugged individualism to bring the us economy back.
Franklin D Roosevelt.
Elected 1932.
beat hoover as democratic candidate.
Democrats disagree wit laissez-faire.
Laisses.-faire doesn't support America masses.
Replaces laisses-faire with new deal.
Promotes government involvement in economy and priorities social welfare.