1. The First New Deal

2. New Deal FDR was willing to experiment
Chose advisors who disagreed
3 main ideas in his administration
Joint government-business cooperation
Government control of business
More competition
First Hundred Days
Between March 9th & June 16th
Congress passed 15 major acts

3. Fixing the Banks Emergency Banking Relief Act
Closed all banks
Required federal examiners to survey then nation's banks and issue Treasury Department licenses to those that were financially sound
Regulating Banks & Brokers
Securities and Exchange Commission (SEC)
Regulate the stock market & prevent fraud
Glass-Steagall Act
Separated commercial & investment baking
Created Federal Deposit Insurance Corporation (FDIC)

4. Managing Farms & Industry
Agricultural Adjustment Act
Pay farmers NOT to raise certain livestock or grow certain crops
1936 farm surplus had dropped and prices went up
Hurt poor tenant farmers
Drew harsh criticism

5. Industrial Recovery June 1933 National Industrial Recovery Act (NIRA)
Suspended antitrust laws
Allowed business, labor, & government to cooperate insetting up voluntary rules (codes) for each industry
Codes
Set prices
Established minimum wage
Shortened hours
Guaranteed rights to form unions
National Recovery Administration (NRA)
Used public opinion
1935 Declared unconstitutional by the Supreme Court

6. Debt Relief Home Owners Loan Corporation
Buy the mortgages & restructure them
Did not help everyone
Had to be employed
The Farm Credit Administration
Refinance farms
Short term fix, long term questionable
Less efficient farms took away from more efficient farms

7. Spending & Relief Low consumption was the overriding issue
Created a series of agencies
Civilian Conservation Corps
Conservation effort
Federal Emergency Relief
Channeled money to state & local governments
Public Works Administration
Construction projects through companies
Civil Works Administration
On government payroll
Shut down due to cost & expectation