Presentation on theme: "Great Depression & NEW DEAL"— Presentation transcript:
1 Great Depression & NEW DEAL US Studies IIGreat Depression & NEW DEALChapters 14 & 15
2 New Deal Programs – 1st Hundred Days Emergency Banking Relief ActThis authorized the Treasury Department to inspect banks and to close those that were unsound, with the greater goal of restoring public confidence in the banking system.Glass-Steagall ActThis established the Federal Deposit Insurance Corporation (FDIC), with the greater goal of restoring public confidence in the banking system.Federal Securities ActThis required corporations to provide complete info on all stock offerings, with the greater goal of restoring public confidence in the stock market.Securities Exchange CommissionSEC = Government agency set up by the Federal Securities Act to regulate the Stock Market.
3 New Deal Programs – 1st Hundred Days Agricultural Adjustment ActThis paid farmers to lower production and, in some cases, to destroy crops, with the greater goal of raising crop prices and farm income.Tennessee Valley AuthorityThis helped to create prosperity in a poverty-stricken region by providing funds to build and repair dams, flood-control projects, and power plants.Civilian Conservation Corps.This put almost 3 million young men to work building roads, developing parks, and helping in soil-erosion and flood-control projects.
4 New Deal Programs – 1st Hundred Days National Industrial Recovery ActThis created an administration that set fair prices on many products and established labor standards, with the greater goal of ensuring fair business practices and promoting industrial growth.National Recovery AdministrationGovernment agency that set prices of many products, established standards for working hours, and a ban on child labor.Home Owners Loan CorporationGovernment agency that grants loans to homeowners who faced foreclosure because they could not meet loan payments.Federal Housing AdministrationGovernment agency that furnishes loans for home mortgages and repairs.
5 New Deal Programs – 2nd Hundred Days Works Progress AdministrationAgency created to create jobs for professionals from construction jobs to positions in symphony orchestras. Special effort for women and minorities.National Youth AssociationAgency created to provide job training for unemployed young people and part-time jobs for needy students.Wagner ActLegislation designed to protect workers rights by allowing for collective bargaining. This legislation was in response to NIRA being declared unconstitutional.National Labor Relations BoardGovernment agency created to hear testimony about unfair practices and to hold elections to find out if workers wanted union representation.
6 New Deal Programs – 2nd Hundred Days Fair Labor Standards ActLegislation that set maximum work hours, minimum wages, set rules for employing people under the age of 16, and banned hazardous work for the under the age of 18.Social Security ActPART ONE: Old age insurance for retirees 65 or older and their spouses.PART TWO: Unemployment Compensation.PART THREE: Aid to families with dependent children and disabled.