What were some of the reasons the New Deal was challenged?
created a very powerful president that led Congress, violation of checks and balances
radical departure from laissez faire
some acts appeared interfering and at worst unconstitutional
heavy debt burden-US was engaged in deficit spending and this was unhealthy for the economy in the long run
new deal vs 2nd new deal
restore nations hope pass new labor laws
help banks and stock market create and expand new deal agencies
RFC-gave loans to banks, state and local gov'ts, and business to create projects/jobs;started under Hoover
CCC- members worked 40 hours a week and were paid $30 a month iwth the requirement that $25 of that be sent home to family; members lived in camps, wore uniforms, and lived under military discipline
FERA federal emergency relief act- distributed more than 20 million dollars in direct aid to the unemployed; direct relief; provide work; provide many types of relief
PWA public works administration- created as many jobs as possible in many different varieties
responsible for 70% of new schools; example of "priming the pump"
Civil Works administration- created construction jobs, mainly improving or constructing buildings and bridges
too costly; mainly paid high wages to 4 million people
WPA- largest and most comprehensive new deal agency; a "make work" program that provided jobs and income to the unemployed during the GD; helped the "starving artists" of the US*****
NYA- allowed thousands of young people to stay in school; pushed by Eleanor Roosevelt
FSA federal securities act-required that investors recieve significant info regarding securities offered for public sale prohibited deciet
FDIC- passed in response to bank failures; insures money in savings and checking account
NIRA national industrial recovery act; NRA national recovery administration- established "codes of fair competition", supported prices and wages and stimulating economic recovery from the GD
firms which voluntarily complied could display the Blue Eagle
SEC- regulates stock market therefore making the market more secure and safer people's money
FFDCA- made sure food and drugs were safer no more false labeling
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