Today, we had presentations...
*The New Deal:(1933-1935)--helped the economy
*1933-2008
*Things that Came From the New Deal: Emergency Bank Act-provided the president with the means to reopen viable banks and regulate banking; Economy Act-cut federal costs throught the reorganization of cuts in salaries and veterans; Beer-Wine Revenue Act-legalized and taxed wine: The Three R's.........The New Deal was President Roosevelt's plan to help get us out of the Great Depression.
The Second New Deal: (1935-1938)--helped the poor people
*National Labor Act- Limits the means with which employers may react to workers in the private sector who create labor unions: Social Security;.........it set up programs to set up Retail on price control...The Bonus Bill-$1.5 billion to 3 million dollars to WW veterans..(there's a two year difference between the first and second new deal.)
Differences:
*The fist New Deal is still around today and the second was really only for the great depression.
*The First New Deal helped out businesses and banks.
*THe Second New Deal was set up for more people.
Federal Security Act: 1933
*It states "to require that investors receive significant (or material)" information regarding securities being offered for public sale; and to prohibit deceit, misrepresentations, and other fraud in the sale of securities to the public.--required that information should be given out to stock holders...
*It was set up after the Stock Market Crash
*People would now monitor the market so monopolies wouldn't happen and pooling would stop.
*It was also set up so the crash wouldn't happen again.
*FDIC (banking): Federal Doposit and Trans Corporation--pays you back your money if the banks closes down.
*Backs up your money and the banks-the limit is 250,00 dollars per bank but now there's no limit.
*Did this to gain people's trust back
*The Banking Act of 1933 was a law that established the FIDC and introduced banking reforms, which is known as the Glass-Steagall Act
*This act separated investment and commercial banking activities
*Dodd-Frank Wall Street Reform and Consumer Protection Act that provides for unlimited insurance coverage of noninterest-bearing transaction accounts...
Fire Side Chats:
*Series of thirty evening radio speeches given by the U.S. President Franklin D. Roosevelt between 1933-1944. (given once or twice a year--talk about the world issues)
*The "fire side" chats were messages to the American People that President FDR broadcast on the radio.
*New Deal for the American People.
*President Barack Obama will deliver an annual State of the World Address and will hold fireside chats on the internet.
*The reason why they call it "fireside" chats is because people would sit by their fires to listen the radio.
*Simple vocab., basic materials, and language used.
*FDR did this so that people felt like he was talking to them.
*He also relied on stories, anecdotes, and analogies to explain the complex issues facing the country.
*"we have nothing to fear but fear itself."
*FDR was the first president to really get on the radio...
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