HIST 221 Lecture Notes - Lecture 23: Fireside Chats, Federal Reserve System, Investment Banking

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Elecion of fdr 1932 people ned to calm, greatest thing to fear is fear itself. New deal: programs and policies, the irst and second new deal. Fdr got congress to pass 15 major pieces of legislaion. Naional industrial recovery act set up system of industrial self-government, est. Federal emergency relief act (fera) naional relief program. An incredibly producive period, pushed the power that the president had. First new deal , 33-34, second new deal, 35-38: was popular but controversial, 100 days had a psychological impact on people, fervor for roosevelt. Agricultural adjustment act (aaa) and naional industrial recovery act (nira) based on idea that centrally managing producion would help trigger recovery industry and agricultural central management and government intervenion will help trigger recovery. Part of the nra agreement (eagle) adverising this in stores: a culture of working together, advocaing for collaboraion, unions, etc, eagle culture we do out part , very collecive and revived people"s spirits.

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