Today, in class, we got on the computers and did powerpoint presentations.
The NIRA-National Industrial Recovery Administration (tied in with the NRA, nearly the same thing).
It was passed on June 16, 1933 and led by General Hugh Johnson It was developed and administered an industrial code system that had control over pricing, production, trade practices and labor relations. It supported workers' right to join labor unions. It ended disastrous competition, overproduction, labor conflicts and deflating prices.
By summer over 500 industries had signed codes covering 22 million workers.
The NRA was not successful. Many joked the NRA stood for 'National Run-Around.'
Codes set wages below what labor demanded
It ended on May 27th, 1935. The Supreme Court deemed it unconstitutional.
Roosevelt's first 100 days in office, he passed 15 major laws, gave fifteen messages to Congress, 10 speeches, held press conferences and cabinent meetings twice a week, sponsored an international conference.
"He never displayed fright or panic and rarely even bad temper"
Passed many acts, such as the Economy Act and Volstead Act.
Shaped Roosevelt's presidency and set a mold for future presidents.
Deficit Spending- When already in debt, spending money to get out of a deficit.
The Security and Exchange Commission regulates and monitors the stock market, and is still around today (ie. nailed Martha Stewart).
The Federal Deposit Insurance Corporation was created by the Banking Act of 1933 in response to the closing of the banks during the depression.
Priming the Pump is when the government take action to stimulate the economy. Trey showed us this sweet political cartoon.
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