HIST 2057 Chapter : 12-Mar
Document Summary
Emergency banking act (glass eagle) - a bill that gets introduced to congress; it creates a fund for banks to draw from in order to reopen. In order to get this money they have to do certain things. After the bank holiday, and roosevelt"s speech the people deposit more money than they take out: agriculture- farmers weren"t making money, they can"t spend money, so can"t buy things, unemployment. Security exchange commission-their job is to investigate stock information; since before this people were making up the 16481 their stock was worth, now it would be regulated through this. Agricultural adjustment act (aaa) - they want to raise the price on the goods so that the price of the farm products can go up. They pay farmers not to grow as much. The money comes from a tax on processing plants.
