Homeowners continued
- federal music project - this project helped musicians become employed and earn money
- federal art project - people from all over helped make and sell over 200,000 products
- these were things such as posters, paintings, signs,ect.
- almost each painting was about the new deal and the great depression
- Home owners loan corporation
- they extended the time you have to pay your house
- federal housing administration
- helped set up certain housing standards and helped give out loans
- United states housing authority
- some houses where built for the poor
Banks and Stock Market
- problems with banks
- people went to the banks and took all there money out because the did not trust the banks
- lots of banks were failing
- banks were investing peoples money in the stock market and loosing it
- new deal declared a bank holiday so the banks could receive a break to get things going
- FDIC - gave you Insurance on the money you put in the bank
- money is backed by the gold, and now it is backed up by faith
Problems with the stock Market
- no buying, all selling
- Prices plummeted
- 12.9 million on black Thursday
- stock prices down
- the new deal created the securities act of 1933 - companies register stock sales, regular, financial disclosures
- S.E.C - very important made sure people followed the rules of the stock market
Factories
- dirty, crowded, and dangerous
- even kids had to work in factories and were put into dangerous situations
- NIRA(national industrial recovery act)
- the act was designed to allow businesses to set their own standards of production, prices, and wages
- Wagner act gave people the right to engage in collective bargaining for better terms and conditoons at work
- guaranteed basic rights of employees
- people had to be payed overtime if they worked over 44 hours
- people would put up blue eagle code which meant that they treated there employees right.
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