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the closing of the remaining banks before bankruns could put them out of business . |
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emergency banking relief act |
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The act allowed a plan that would close down insolvent banks and reorganize and reopen those banks strong enough to survive. |
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The economic measures introduced by President Franklin D. Roosevelt in 1933 to counteract the effects of the Great Depression. |
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within 100 days congress passed 15 major acts to resolve the economic crisis . |
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securities act sec securties and exchange commission |
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regulated the securities industry. Required registration and disclosure and included measures to discourage fraud and deception. |
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glass steagall act and fdic federal deposit insurance corp |
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seperated commercial banking from investment banking. created the fdic which provided government insurance for bank deposits. greatly increased confidence in the banking system |
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holc home owners loan corp and fca farm credit administration |
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holc bought mortgages of many homeowners who were behind in payments and reconstructed their payment terms. fca authorized farm credit admin to help farmers refinance their mortgages |
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aaa agricultural adjustment act |
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it tried to help farmers with overproduction and low prices by paying the farmers to reduce growth of basic crops. it reduced farm surpluses. it hurt small farmers and share croppers. declared unconstitutional |
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nra national recovery act |
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it suspended antitrust laws allowing business labor. the government came up with codes which set prices, work hours and minimum wages and allowed unions to bargain. overseen by national recovery admin. declared unconstitutional |
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ccc civilian conservation corps |
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provided relief to young men who were unemployed. it offered young men work, housing and food for 30/ month in which you send 25 back to your families. successful |
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fera federal emergency relief admin |
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gave money to states and cities to fund relief projects. the govt made grants to states where they could distribute as they chose. it brought immediate relief. was a success |
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employed 4 million workers mostly women to do projects, received criticism from the price tag and was shut down . |
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pwa public works administration |
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it provided jobs on construction projects that insisted on contractors receiving money and hiring blacks. it was a success. |
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Huey long father Charles coughlin dr Francis Townsend francis perkins |
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wagner act/laborunion act |
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it addressed problems with the employee/ employer relationships. it set up nlrb or national labor relations board which allowed factory workers to be able to hold private elections to vote in a union. it gave power to labor unions |
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creates a system of transfer payments in which younger, working people support older, retired people. Under the act, the government began collecting the Social Security tax from workers and began making payments a couple years after. it is still used today |
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plan to increase the size of the Supreme Court and then bring in new justices who would change the balance of opinion on the Court. when several conservative justices were inclined to declare parts of his program, the New Deal, unconstitutional. Congress would not allow the number of justices to be increased, and Roosevelt was criticized for trying to undermine the independence of the Court. |
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The FLSA established a national minimum wage, guaranteed 'time-and-a-half' for overtime in certain jobs, and prohibited most employment of minors |
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binding arbitration sit-down strike fireside chat nine old men |
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