HIS271Y1 Lecture Notes - Federal Deposit Insurance Corporation, National Recovery Administration, System On A Chip
Document Summary
Emergency banking act:restoring faith in the american peoples faith of banks pres resevolt closes all us banks gfor 4 days and only opens the fir banks. Federal deposit insurance company : gauarntees the savings of americans will be protected if bank closes (fdic) things are beinbg made to protect i trerests fo us people. Federal securities act: the body that regulates the stock market, securities and exchanges commission (sec) thus restoring faith in this aswell. 5 milll given to strates to help relieve there people. Thius ultamatly supported 5 mill houses houlds with 30$ a month. Helps to create jobs for unemployed (this was not huge) eventually the federal handouts would run out: civil worsk administration : created construction jobs but shut down to early because was to costly to run. By time shuts down other works were creatsed: public works admin: gives cintreacts to private companies who do all the hiring.
