FDR’s New Deal by h20102김가영 https://padlet.com/22h20102/w48vndf0e8gad9o5 en-us 2022-11-03 08:38:04 UTC 2022-11-07 16:11:02 UTC hello@padlet.com https://padlet.net/icons/png/1f4d1.png Agricultural Adjustment Act 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368194999 - May 12, 1933
- it limited crop production of farmers, and offered farmers subsidies in exchange for limiting their production of certain crops
- effect:
It helped the farmers to live in better conditions and to pay their debts
]]> 2022-11-03 10:23:17 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368194999 Emergency Banking Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368209093 - March 9, 1933
- gave the Secretary of the Treasury power to investigate all banks, and open them as he saw fit
- effect:
  • Examination of banks showed 4/5 of them were in better condition
  • 3/4 of national banks started business again
]]> 2022-11-03 10:34:18 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368209093 Glass-Steagall Act 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368220813 - June 16, 1933
- created “Federal Deposit Insurance Corporation”: protects depositors in insured banks up to $5000
- separated commercial banking from investment banking
- effect:
The risk that government had to take took less because of the insurance

]]> 2022-11-03 10:44:47 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368220813 Gold Reserve Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368231434 - January 30, 1934
- President have power to reduce gold backing of the dollar by as much as 50%
  • He fixed gold value of the dollar at 59.06 cents: to provide more dollars for people to spend, to raise goods’ prices at home, to boost exports, and to decrease debt
- effect:
It gave debtors to pay back their debts with cheaper dollar
]]> 2022-11-03 10:54:58 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368231434 Federal Emergency Relief Act 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368241157 - provided grants from the federal government to state governments for a variety of projects in fields such as agriculture and education. 
- 3 goals:
  • to be effective
  • to provide work for employable people on the relief rolls
  • to have a diverse variety of relief programs
- effect:
It benefited the whole country by providing different types of jobs and salaries which were similar to previous jobs
]]> 2022-11-03 11:04:34 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368241157 National Labor Relations Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368251398 - July 5, 1935
- guaranteed the right of workers to join unions and to bargain collectively
- set up National Labor Relations Board (NLRB)
  • to supervise elections by which workers will decide its union
  • to stop unfair practices from employers to unions 
- effect:
A lot of employers and business leaders thought the act was unfair and they stayed against the President
]]> 2022-11-03 11:14:16 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368251398 National Housing Act 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368267471 - June 27, 1934
- also known as Wagner-Steagall Housing Act
-  created two federal agencies: the Federal Housing Administration (FHA), and the Federal Savings and Loan Insurance Corporation (FSLIC)
- insured loans by banks, building and loan associations, and private groups to homeowners for repair and to finance mortgages for new houses
- effect:
It improve the quality of the housing stock of country, protect Americans from losing their homes, allow to purchase their first home]]> 2022-11-03 11:29:00 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368267471 National industrial Recovery Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368458023 - June 16, 1933
- created new National Recovery Administration (NRA): codes of fair dealing for each industry will be made by business and labor leaders
  • aimed to keep up prices and wages
  • set maximum hours of work and minimum wages
- effect:
It had been criticized to labor union, small firm owner, and business leaders for reasons of self-protection
]]> 2022-11-03 13:34:40 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368458023 Social Security Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368499519 - August 14, 1935
- old age insurance
  • if worker is too old to work, he/she will receive monthly payment
- public assistance
  • any state accept the program will get federal funds covering half of costs
  • money will come from general state and federal revenues
  • supported people have to prove their need for aid
- unemployment insurance
  • give laid-off workers income for a number of weeks while they hunt for new job or waiting to be rehired
  • money comes from payroll tax paid by employers 
- effect:
It greatly helped old Americans to live in better conditions and helped Americans to feel more secure by the country. It also prevented people from rushing into bank whenever there is depression or stock market crash.
]]> 2022-11-03 13:55:45 UTC https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368499519 Government Contracts Act (Textbook) 22h20102 https://padlet.com/22h20102/w48vndf0e8gad9o5/wish/2368535912 - June 30, 1936
- also called as Walsh-Healey Public Contracts Act
- set minimum wages and maximum hours for workers in firms doing business with the federal government 
- prohibited to employ boys under 16 and girls under 18
- effect:
It protected the workers from harsh labor conditions and set the safety and health standard for work

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