FDR's New Deal by h20109정진아 https://padlet.com/22h20109/5sa9xjh7konkml0g Jina Jeong en-us 2022-11-02 03:46:06 UTC 2022-11-03 11:23:00 UTC hello@padlet.com https://padlet.net/icons/png/1f5fd.png 22h20109 https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2367980315
  • National Industrial Recovery Act established National Recovery Administration.

    • The act established minimum wages and maximum hours.

    • Impact:
      • Child labor was abolished.
      • Lowered employment -> made the economic situation worse
      • Many industries were rapidly organized
      • Some people said it is helping monopolies

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  • It provided regular jobs in public works for unemployed men and women.

    • Impact:
      •  New roads, water mains, schools, public buildings, and airports were built and improved. 
      • 8.5 million people got jobs
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  • helped repair, rebuild, and insure older homes

    •  Impact:
      • It improved the quality of houses and prevented millions of Americans from losing their homes. 
    ]]>     2022-11-03 07:33:56 UTC https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2367999901     Emergency Banking Act (Relief) 22h20109 https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368194713 The law gave the Secretary of the Treasury the power to investigate all banks.

    Impact:

    Three-fourths of the nation's banks were in business again
    A billion dollars of deposits flowed back]]>     2022-11-03 10:23:03 UTC https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368194713     22h20109 https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368199247
  • The law gave the Secretary of the Treasury the power to investigate all banks.

    • Impact:
      • A billion dollars of deposits flowed back
      • Three-fourths of the nation's banks were in business again
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  • This Act created the Federal Deposit Insurance Corporation
  • It protected depositors in insured banks up to $5000.

    •  Impact:
      • It maintained public confidence in the banking system. Before the establishment of the FDIC, many banks would be damaged because there were few people who deposited large amounts of money. 
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  • The purpose of this act is to remove the chief cause of low prices by reducing the surplus of farm products.
  • Limiting the production of wheat, corn, and milk. Many young animals were killed. 

    • Impact:
      • The price of farm products rose rapidly. Net farm income went up 240% between 1932 and 1935. 
    ]]>     2022-11-03 10:48:02 UTC https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368224033     22h20109 https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368234968 It provided $500 million for aid to the unemployment]]> 2022-11-03 10:58:36 UTC https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368234968 22h20109 https://padlet.com/22h20109/5sa9xjh7konkml0g/wish/2368239732
  • This Act provided for the unemployed, aged, dependent, and disabled people. 

    • Impact: 
      • People who are in a low social class, such as elderly or disabled people  can be provided for by the government
      • It made millions feel more secure
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  • It gave the president power to reduce the gold backing of the dollar by as much as 50%.

    • Impact:
      • Because of deflation, the value of money was high. Now people could pay back their debts with a cheaper dollar
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  • Its purpose was to regulate the stock market and prevent other abuses. 

    • Impact:
      • It improved the conditions in the stock market
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