Monday: no school
Tuesday: emergency banking relief act EBRA
- passed five days after taking office-march, 1993
- passed in response to the thousands of banks that closed down
- passed four days after FDR announced the bank holiday, which closed banks down temporarily
- the EBRA would close the banks down, reorganize it and then reopen the bank when its stable.
- provided insurance to people's money in the banks
- when banks reopened on march 13, 1933, many people put their money back into banks
FDIC
- created by the glass-Steagall act in 1933
passed in response to the bank failures after the stock market crash
Banking act of 1935
- made the FDIC a permanent agency within the u.s. government
Wednesday:
- The WPA built 650,00 miles of roads, 78,000 bridges, 125,000 buildings, and 7,000 miles of airport runways
- It represented 225,000 concerts and produced almost 475,000 works of art.
Indian Reorganization act:
- passed in 1934
- Abolished the Dawes act and allowed native american to govern themselves on a tribal basis
- allowed native Americans to manage and keep their own land
- the act is still around today
opponents:
- some FDR went to far. spent too much $$
- others say he didn't do nearly enough
Comments