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Bank holiday

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NEW DEAL

PROGRAMS

Bank holiday



 Stopped massive

withdrawals by

closing banks

temporarily

 Kept banks in

business, helped

restore public trust

FDIC

 Insured each

account in the bank

for up to $5000

 Today, your

deposits in FDIC

insured banks are

protected up to

$100,000

 Adds to people’s

confidence in banks

FERA

 Federal Emergency

Relief Administration

 $500 million in relief

to state and local

agencies; created jobs

and provided direct

relief to those who

needed it most

 Government

recognizes a need to

provide direct relief in

times of disaster

FERA (New Deal)

FEMA (today…founded in 1979)

CCC—Civilian Conservation Corps



 Provided jobs for

unemployed men, ages

18-25

 They planted trees,

landscaped parks

 Young men earned

$30/month they could

send home, did not

become criminals

 We still enjoy what they

created

SEC



 Regulates companies

that sell stocks and

bonds

 Protects people from

insider trading and

other abuses in the

stock market system

NIRA—

National Industrial Recovery Act

 Stabilized prices,

raised wages, limited

work hours, provided

jobs



 Created the PWA and

NRA



 Eventually led to the

idea of minimum

wages, maximum

hours

PWA

► Public Works

Administration

► Contracted with

private companies to

provide jobs

► Roads, public

buildings, and other

projects

Lincoln Park and Lake Shore Drive

NRA—National Recovery

Administration

 Encouraged

businesses to draw up

“fair codes of

competition”

 Helped set hours,

prices, wages

 Guaranteed the right

of workers to organize

 Not always successful

AAA—Agricultural Adjustment

Administration



 Paid farmers to

reduce their output of

corn, cotton, and

other crops

 Caused prices to rise

 Government still

subsidizes farm

goods today

TVA—Tennessee Valley

Authority

 Built a series of

new dams

 Brought electricity

and flood control to

the region

 Improved the

standard of living in

the area; still does

so today

WPA—Works Progress

Administration

 Gave jobs to blue

collar and white

collar workers

 Buildings,

bridges, roads

 Murals, oral

histories, theater

 Products are still

around today

NYA



 National Youth

Administration

 Provided high school

and college age

Americans with part-

time jobs so they

could stay in school

Social Security Act

 Unemployment

insurance for workers

who lose their jobs

 Pensions to retired

workers over age 65

 Payments to people

with disabilities, the

elderly, wives and

children of male

workers who died

Wagner-Connery Act

 Guarantees workers’

rights to organize

unions and bargain

collectively for better

wages and working

conditions

“Equality under the New Deal”

 Segregation in jobs, lower wages, and lack of

access to model towns African-Americans

helped build during the New Deal

 More than 100 African-Americans named to

posts in the government by FDR

 Eleanor Roosevelt was a strong proponent of

Civil Rights

 More tribal rule for Native Americans

Marian Anderson

Huey Long’s

“Share Our Wealth” Plan



 Tax the rich highly so

that each poorer

family can receive a

minimum of $5000



 Good idea or not?

Did Roosevelt go too far

with the New Deal?



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