The New Deal
- Created by: Jasmin
- Created on: 31-05-13 19:38
View mindmap
- The New Deal
- Confidence had to be restored in banking and finance
- Banks reopened Emergency Banking Act
- Laws introduced to insure deposits and limit speculation
- Stock market to be monitored closely
- 8 days after inauguration gave radio broadcasts fireside chats explained actions
- Hundred Days
- First period of Roosevelts term in office
- Federal agencies 'alphabet agencies'
- Helping the farmers
- Farm Credit Administration FCA
- Loans to 1/5 of all farmers to not lose farms
- Agricultural Adjustment Agency AAA
- paid farmers to limit farm production
- Raised prices and increased incomes
- Helped farmers modernise and rebuild their businesses - machinery
- Farm Credit Administration FCA
- Work for unemployed
- Civilian Conservation Crops CCC
- Jobs to single men under 25
- Work mainly in forestry, water and soil convention projects
- Most of wages sent home to parents, got food and clothing
- Nearly 3 million helped
- Civilian Works Administration CWA
- give as many jobs to people as could, jobs such as sweeping leaves in part - something to do
- Public Works Administration PWA
- Provided work building roads, bridges, hospitals, schools and housing
- Civilian Conservation Crops CCC
- Helping the needy
- Federal Emergency Relief Act FERA
- Made $500m available to state and local gov for emergency relief
- Used to give direct assistance to the poor, soup kitchens
- Home Owners Loan Corporations HOLC
- Loaned money to over a million people to prevent them from losing their homes
- Federal Emergency Relief Act FERA
- Helping industry
- National Recovery Administration NRA
- Increase workers wage
- Improve working conditions
- Outlawed child labour
- National Recovery Administration NRA
- Problems
- Some agencies gave out money too slowly
- Stricter regulations on working conditions hurt small businesses and farmers
- TVA
- Poorest region, over cultivation led to soil erosion
- Construction projects
- Built large number of dams to prevent flooding and to provide irrigation, trees planted to prevent soil erosion
- Construct power stations brought electricity to area
- Huge improvement in regions economy, brought jobs
- Confidence had to be restored in banking and finance
Similar Other resources:
Teacher recommended
Comments
No comments have yet been made