What changes did the First New Deal bring? Flashcards
1
Q
How did FDR tackle the New Deal immediately in 1933?
A
4 day Bank Holiday to save ‘saveable banks’.
Closures of those that were completely unprofitable.
2
Q
Which were the significant ‘alphabet agencies’?
A
CCC, AAA, PWA, NRA, WPA.
3
Q
What help was given to farmers?
A
Rural Electrification Administration.
AAA.
4
Q
How was the financial system rebuilt?
A
Emergency Banking Act.
Separation of Commercial and Investment banking.
5
Q
What opposition was there?
A
American Liberty League – FDR too socialist.
Father Charles Coughlin.
Francis Townsend.
Huey P. Long.
