Things that came from the New Deal:Emergency Bank Act- provided the president with the means to reopen viable banks and regulate banking.Economy Act-Cut the salaries of federal workers and reduced benefits to veterans, intended to reduce the federal deficit in the US.The second new dealNational Labor Relations Act- limits the means with which employers may react to workers in the private sector who create labor unions.Social security- My guy Francis Townsend decided to give some old people some money to spend, creating new jobsIt also set up programs to set up retail on price controlBonus Bill- $1.5 million to $3 million to World War VeteransDifferences-The first new deal is still around today and the second was specified for the great depression. The first new deal helped out businesses and banks/stocks, while the second new deal was set up more for the people during the tough times.Federal Security Act-Created after the stock market crash in 1929, it was made to limit any pooling and prevent monopolies. People were hired to monitor the stock market to do so. It also prevented banks from putting money in the stock market.The FDIC stands for the Federal Deposit Insurance Corporation. It was created to separated investment and commercial banking activities.The FDIC also paid you back your money if the bank would shut down.Fire Side Chats- radio addresses by president (then, Roosevelt) Which Bruns made us listen to.
Comments