HIST 2057 Chapter : 21 FDR And New Deal Relief
Document Summary
Fdr and new deal relief: relief and the first hundred days, a. Banking: closes all the banks (because banks have been folding at a tremendous rate, emergency banking act. Written, passed in congress and passed by the president all within one day. Their job is to make sure that regulations about getting investors to invest in your company are accurate. All of this is to insure that a huge stock market crash doesn"t happen again: b. Agriculture: roosevelt saw that agriculture was suffering, and if you don"t fix agriculture, you cannot fix the economy, agriculture adjustment act (aaa) Limit the amount that farmers produce and taking land out of cultivation: c. unemployment, if you limit it, the price will be higher, federal emergency relief administration (fera, gives out loans to state emergency relief administrations. Could use this money to create housing, soup kitchens, etc: only meant to be temporary relief, national industrial recovery act/national recovery.
