The new deals Flashcards
What was the emergency banking act of 1933?
FDR closed all banks went through their books and only reopen banks that weren’t going to fail this restored confidence
what was the ccc?
provided jobs for young white men to build public works such as national parks
What was the AAA?
tired controlling farm production prices. It was an attempt to end the over-production and falling agricultural prices that had crippled American farmers.
What was the Glass-steagall act of 1933?
It banned banks from buying and selling stocks
What was the NRA?
This tried to help industry and factory workers by increasing wages and improving hours and conditions.
What was the PWA?
This created jobs by paying unemployed people to build schools, bridges and dams. This was replaced by the Works Progress Administration in 1935.
What was the TVA?
Tennessee Valley, Dams and power-plants were built, creating many jobs and power for millions
What was the problem with the AAA?
Paid framer to burn crops and kill live stock eg 6 million pigs were killed, but only some was used for food the rest went to waste which angered peoeple
What else was wrong with the AAA?
It made farmer lay off black workers who were already paid little, also most farmer took the money and still grew too many crops
What was the wager act?
Allowed workers to join unions and strike
How many strikes were there in 1934?
2000
What was the social security act of 1935?
Gave welfare to the unemployed, aid to the disabled and poor families with children. Also gave the elderly pensions
How much did the unemployment rate fall?
from 25% to 15%
How did the new deals cost?
$50 billion
