Friday January 28th 2011

Today people started presenting.

FDIC:

-formed by Glass-Steagall Act of 1933

-federal deposit insurance corporation

-insures people's money up to $250,000

The 3 R's:

-Releif, Recovery and Reform

-FDR brought it around because of the Great Depression

-Releif is for unemployed and poor

-Recovery of the economy

-Reform of the financial system

Nat'l Recovery Administration:

-developed an industrial code system that would exert controls over industrial pricing, production, trade practices, and labor relations

-set minimum wages and maximum work hours

100 Days:

-the first 100 days of FDR being president

-in those days he passed 15 bills

 

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