New Deal Roosevelt’s plan for getting out of the Depression.
The Three R’s Relief-implies short term attention Recovery-implies longer term “healing” Reform-implies reconstruction
Major Goal and Issues Recirculation of money in the economy Pump Priming Banks Farms Employment Stock Market
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Banks Declared a Bank Holiday Emergency Banking Relief Act 1933 Glass-Stegall Banking Act
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Farms Agricultural Adjustment Administration (AAA) Farm Credit Administration (FCA)
Employment Civilian Conservation Corps (CCC) Federal Emergency Relief Administration (FERA) Home Owner’s Loan Corporation (HOLC)
Employment Continued… Civil Works Administration (CWA) Public Works Administration (PWA) Tennessee Valley Authority (TVA) Works Progress Administration (WPA)
Employment Continued… Social Security Act 1935 National Industry Recovery Act 1933 (NIRA) National Recovery Administration (NRA) Wagner Act
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Stock Market Federal Securities Act 1933 Securities and Exchange Commission
Other Reciprocal Trade Agreement Court Packing
Criticism Pampered Labor Stifled private enterprise Creeping socialism FDR was a one man “super-government” Bullied Congress and Courts Did NOT cure the Depression Add bureaucratic paperwork
Women Lower pay Males received preferences for jobs Long Hours
African Americans Not offered professional jobs or skilled jobs Lower pay Job Discrimination
New Deal Does TOO Much? TVA considered socialist Revenue Act Social Securty Act
New Deal Does NOT Do Enough? Believed entire economic system needed to be reformed Believed in Nationalization