Today we started presentations after bruns finished talking about where we could find the test questions.-What was the New Deal(1st and 2nd) and it's goals(3 R's)?- - First Zach went and talked about FDIC and FDR. The FDIC is supposed to insure the safety of ones money in a bank. The Federal Deposit Insurance Corporation is a deposit corporation that guarantees the safety of one's money in member banks. It was originated by the Glass-Steagall Act of 1933 and is a U.S. government corporation. President Franklin D. Roosevelt signed the banking act of 1933 on June 16th, 1933. Since FDIC insurance was started on January 1, 1934, not ONE depositor has lost any money of insured funds because of failures.-Then Kayley talked about the Farm Security Administration. It was created in 1937. It was designed to improve the lifestyle of sharecroppers, tenants, and very poor landowning farmers that were affected by mainly the dust bowl. Farmers had to be supervised by experts while doing their new techniques on the farms. The workers began to want more ownership. In 1944 the conservative coalition took control of the FSA and made it into a program that would help the farmers buy their own land. This is still around but is now called the Farmers home administration. The FSA is mostly famous for the photos that exposed the challenges of rural poverty.
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