Homeowners, Artist, and Musicians
- Helping musicians
- The Federal Music Project- this project helped musicians become employed and make money
- Helping Artist
- Helped artist make art? they would get a bunch of artist together and sell over 200,000 paintings
- Almost each painting was about the New Deal and the Great Depression.
Banks and The Stock market
- Problems with Banks
- Bank runs
- no faith
- banks were investing peoples money in the stock market with out their permission
- The First New Deal- Banks
- Bank Holiday- gave banks a break for a few days
- Emergency Banking Act- only federal reserve backed bank operate in the U.S.
- Federal Deposit Insurance Corporation- deposit insurance
- Ended the use of the Gold Standard
- Problems with the Stock Market
- No buying, all selling
- Prices plummeted
- 12.9 million on Black Thursday
- 16.4 million on Black Tuesday
- Stock prices down by 20%
- New Deal- Stock Market
- Securities Act of 1933- companies register stock sales, regular financial disclosures
- Securities Exchange Act of 1934 created S.E.C ( make sure companies and individuals follow the rules of the stock market.)
- 1935 Public Utility Holding Company Act- limits the activity of utility companies
- U.S. Securities and Exchange Commission 1934- stock prices match with companies actual value
Factory Workers
- Factories were dirty, crowded, and dangerous
- Factory jobs were low paying and unethical
- Children work a lot and had dangerous jobs.
- National Industrial Recovery Act (NIRA)
- Was disgined to allow businesses to set their own standards of production, prices, and wages.
- Wagner Act (1935)
- Gave people the right to engage in collective bargaining for better terms and conditions at work
- Gauranteed basic rights of emplyees to organize into trade unions
- Gave people the right to go on strike
- Fair Labor Standard Act
- The FLSA introduced a maximum 44 hrs a weak
- National minimum was set as 35
- Banned child labor.
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