Drake began talking about the SEC, the securities and exchange commision, which prevents pooling, fraud, and munipulation of the market which has five commisioners, that are unfireable by the president. Pretty good deal :)
Then he touched on the differences between the TWO New Deals.
- 1st- Focused on banking, groups, railroads, helped with economic recovery
- 2nd- helped individuals (social security, wellfare)
Conrad then started talking about the "hundred days". They were the first hundred days of his presidency. They judge presidents after this time period all the time. Anyways, in HIS 100 days, everyone gave him everything he wanted, and he passed the FDIC and added 15 new peices of governmental control of the economy.
He started fireside chats, informal addresses to the American people. He did a lot of neat stuff, basically.
Then he said the banking act made the FDIC permanent and strengthened banks along with the Federal Reserve.
Then, I presented. Oh yes :)
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