Today we are continuing the presentations of the New Deal.The Security Exchange Act was created in 1934. It was made to restore confidence in the stock markets.Federal Emergency Relief Act gave money to the states. It gave jobs to 15 million people. It ended in 1934.Home Owners Loan Corporation helped families to not lose their homes.PWA encouraged economic growth. It didn't do a lot of things that they had hoped for in the beginning.FHA will help people pay loans for bigger payments.The Civil Works Administration was made to provide construction jobs to millions.The U.S Housing Authority was designed to lend money to states for low cost construction.The Emergency Bank Relief Act closed bands for a few days. The Secretary of the Treasury took gold out of people's homes and replaced it with paper money. FDIC took over and act kind of vanished.The Social Security Act help the elderly, disabled, and retired people. Colored people didn't receive all of the benefits.What was the New Deal(1st and 2nd) and it's goals(3 R's)?First New Deal--trying to help the people-wanted to restore the economy2nd New Deal--opposite of the first new deal-National Labor Relations Act emphasized social justiceWhy did people criticize the New Deal?Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?How did the New Deal help:unemployedfarmersfactory workers/laboryoung peoplebanks/businesshome ownerselderlyNative AmericansDescribe the culture of the 1930's.Key terms:Hundred Daysfireside chatspriming the pumpdeficit spending
Comments