Securities and Exchange commision (SEC) : protects investors and maintains fair orderly and well established markets. protects your money from getting wripped off. it was meant to restore peoples money back into the stock. they analyze federal securities laws. They make new rules and fix old ones. Its to regulate the stock market get rid of any fraud. So people would feel safe putting their money back into the banks. The SEC is still around today.
Rural Electrification Administration (REA): brought electricity to rural areas. Utilities companies thought it was to expensive to give farmers power so the gov. helped them out and paid for their electricity. Many people thought farmers couldnt manage their electric companies. After the first 2 yrs REA set up 1.5 million farmers with electricity. In the 1950s almost all farmers were supplied with electricity from the REA it helped the growth of suburbs.
Critics and Failings of the New Deal: Huey Long was a critic of Roosevelt but in the end turned against him because he thought FDR was to obligated to big buisness. He vocally supported FDR since he wasnt offered a federal post he turned against FDR. He was assasinated a month after he said he was going to run against FDR. He liked the idea of taking from the rich and giving to the poor. Charles Coughlin turned against FDR when he didnt add additional radical reforms he turned against him. Coughlin talked about FDR on the radio claiming that Roosevelt was a dictator. Francis Townsend thought he should give money every month to people over 60 every month, By 1935 he had over 5 million followers. The social security act attempted to decrease old age, poverty and unemployement issues. It gave money to the retired and unemployed. Unemployment didnt drop as fast as people thought it would. State powers became weaker. These people thought FDR was doing enough and some said he was too much because of all the debt.
Civilian Conservation store (CCC): It was the most popular new deal program because it got people involved. FDR promised it would provide meals and homes, uniforms ect for 200,000 men. There were over 300 possible jobs for the CCC like transportation, erosion..landscaping, forests ect. Aimed at young guys it was run by the military.
Farm Security Act: goal was to encourage farmers to farm less to raise less crops. They wanted to make farmers more efficient so some of the loans went to new equipment and machinary. The FSA thought that tenant farmers wre the cause of rural poverty, they relocated farmers to better oppurtunities in the city.
The new deal was FDR's program on the road to recovery from the Great depression
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:
unemployed: Tennessee Valley Authority:
farmers: Agriculture Adjustment Act..The Soil Conservation Act.. Farm Security Act
factory workers:/labor
young people:Civilian Conservation store
banks/business: (NRA, NIRA), Food drug and Cosmetic Act, banking act of 1935
elderly:
Native Americans:
Describe the culture of the 1930's.
Key terms:
Hundred Days
fireside chats
priming the pump
deficit spending
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