📜new deal's first 100 days

Question 1

Emergency banking act

Answer 1

4 Day bank holiday
Gave 12 federal reserve banks money to relieve people

9th March

Question 2

Government economy act

Answer 2

Cut salaries of federal workers and reduced benefit payments to veterans to reduce federal deficit:
- Cut spending by $243M

20th March

Question 3

Abandoned gold standard

Answer 3

Federal reserve bank of New York cannot honor commitment to convert money and gold

19th April

Question 4

Securities act

Answer 4

Requires companies issuing stock to file detailed information about new securities to the federal trade commission, to avoid investor fraud and abuses

27th May

Question 5

Aborgation of gold payment clause

Answer 5

Clauses in contracts demanding payment in gold removed

5th June

Question 6

Home owners loan act

Answer 6

Provided mortgage assistant to those losing their homes

And created home owners loan corporation

13th June

Question 7

Glass Steagall Act

Answer 7

Federal guarrantee of all bank deposits under $5000, speration of commercial and investment banking, strengthening federal reserve’s ability to stabilise economy

16th June

Question 8

Creation of civilian conservation groups

Answer 8

Employs primarily young unemployed men into conservation work, a total of 3 million from 1933-42

31st March

Question 9

Civilian conservation corps: impact

Answer 9

Planting over 2.5B trees
Constructing 120k miles of road and trains

Question 10

Federal Emergency Relief Act

Answer 10

Creates federal emergency relieff administrration
- Grants funds to relief administrations
- Provided work to over 20 million people
- At cost of $3.1B

12th May

Question 11

National Industrial Recovery Act

Answer 11

Government established code that helped set prices, wages, working hours, right to organise unions… ineffective due to poor administration

16th June

Question 12

Emergency Railroad Transportation Act

Answer 12

Appointed a federal coordinator for transport

16th June

Question 13

AAA

Answer 13

Agricultural Adjustment Act,
- Subsidies paid to farmers to not plant on parts of their land, limiting production to increase prices

12th May

Question 14

Emergency farm Mortgage act

Answer 14

Refinances farm loans on lower interest rates and easier terms

12th May

Question 15

Tennessee Valley Authority Act

Answer 15

Put thousands at work bulding dams and power plants in Tennessee River Valley leading to growth in the area

18th May

Question 16

Farm Credit Act

Answer 16

Established loca credit institutions for farmers to improve access to capital

16th June

Question 17

Beer-Wine revenue act

Answer 17

Legalises **sale **of beer and wine to start ending prohibition

March 22