The New Deal Flashcards
How did he restore confidence in banking and finance
Four day ‘bank holiday’ closure
Healthy, honest banks reopened
Laws introduced insure deposited and limit speculation
Stock market monitored more closely
Bank failures fell, deposits rose, confidence return
What were the 3 main aims
Relief- help improve lives of people
Recovery - help rebuild US industry and trade
Reform - change conditions to ensure future progress
What was the hundred days
The first period of Roosevelt’s term in office, introduced many new acts.
What was FERA
Federal Emergency Relief Administration made $500m available to state and local governments for emergency relief. Give direct assistance to poor
What was CCC
Civilian Conservation Corps provided work for thousands of unemployed men in forestry, water and soil conservation projects. Follows by PWA public works administration provided work building roads, bridges, hospitals, schools and housing
What was AAA
Agricultural Adjustment Administration paid farmers to limit food production. Raised prices and increased income.
What was NRA
National Recovery Act drew up codes of fair competition, set minimum wages and maximum eight hour day. Trade unions encouraged
What was the TVA
Tennessee Valley Authority
What was HOLC
Home Owners Loan Corporation helped people who were in danger of having their homes repossessed. Provided long-term loans
What problems remained
Some agencies gave out money too slowly
Stricter regulations hurt small businesses and farmers
Tenant farmers still suffered
Some opposition to federal control
NRA encountered opposition, unable to secure continued recovery
Severe drought, and over farming ‘dust bowls’
Overall opinion of New Deal
Fall in wages prices halted
Employment rose
Roosevelt very popular
