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Fdr New Deal Essay

636 Words3 Pages

Dara Kovacheva Apush, period 5 03/23/16 Chapter 33 Notes on New Deal FDR announces a "bank holiday" which closed banks for a week, only the stable ones came back, this increased the people’s trust in banks- This was called the Emergency Banking Relief Act FDR's first "Hundred Days" were filled with the passing of many bills FDR used the radio by having "Fireside Chats" in which he talked to Americans. He went over what the problems were and how he was planning on solving them. The Federal Deposit Insurance Corporation (FDIC) was set up which insured up to $5,000 of people’s money in banks, so there was no longer a need to pull out money if the bank seemed about to go under. FDR took the dollar off the gold standard, this created inflation …show more content…

The Agricultural Adjustment Act (AAA) paid farmers to not plant things, or to just not bring that food to the market to prevent overproduction and low prices. People felt this was a waste and hated the program, the supreme court agrees with the people which leads to an unhappy FDR. The Home Owners' Loan Corporation gave lower interest rates on people's homes Civil Works Administration (CWA). It was to provide temporary jobs to see folks through a short period but it was criticized because not all of the jobs were sincere and some simply involved giving people taxpayer money. Works Progress Administration was started, billions were spent building infrastructure, this also helped employ people The National Recovery Administration (NRA) tried to fix labor issues. This along with the Fair Labor Standards act set maximum work hours were set up as well as minimum wages. Labor unions were given the right to organize and collectively bargain. Business people hated these laws and finally the Supreme Court steps in and declare the NRA unconstitutional in the Schechtner

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