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Period: to
1st New Deal
The 1st New Deal was created and pushed through by Franklin D. Roosevelt as an effort to lift the nation out of the Great Depression. -
Emergency Banking Relief Act
passed in 1933, this bill placed mismanaged banks under the control of the Treasury Department & granted govt licenses to those in good shape. (Bank Holiday)
*RELIEF
*1st New Deal -
Civilian Conservation Corps (CCC)
began in 1933, put nearly 3 million young men to work. Though paid little, they worked on conservation projects (parks, etc.) and restored their confidence.
*RELIEF
*1st new deal -
Agricultural Adjustment Act (AAA)
Protected farmers from price drops by providing crop subsidies to farmers who stayed under set quotas.
*RELIEF
*1st New Deal -
Tennessee Valley Authority (TVA)
agency created to oversee the construction of dams, providing electricity (first time for many) and flood control for many in the Tennessee River Valley.
*RECOVER/REFORM
*1st New Deal -
Federal Deposit Insurance Corporation (FDIC)
This entity provided to personal banking accounts up to $5000. Reassured people that their money would be safe & secure, unlike before.
*RECOVER/REFORM
*1st New Deal -
Securities and Exchange Commission (SEC)
Congressional commission created to regulate the stock market / prevent another stock market crash.
*RECOVERY/ REFORM
*2nd New Deal -
Period: to
2nd New Deal
Set of legislative initiatives passed under Franklin D. Roosevelt, beginning in 1935. -
Works Progress Administration
Created for both industrial recovery and unemployment relief. Provided income and jobs to the unemployed but couldn't work more than 30 hrs.
*RECOVERY
*2nd New Deal -
Social Security Act
This act guaranteed government social welfare to those in need. For example those aged 65 and over, unemployed, mothers with dependent children, etc.
*REFORM
*2nd New Deal -
United States v Butler
Supreme Court case that ruled the AAA unconstitutional because of its efforts to control and regulate agricultural production; which was to be reserved for the states.
*REFORM
*happened during 2nd New Deal -
Farm Security Administration
Made low-interest loans allowing tenant farmers to buy family sized farms.
*RELIEF
*2nd New Deal
