HIST 2112 Lecture 14: 10:18:2016
Document Summary
No office hours today, instead 10/19/16 at 1pm 3pm. Guest lecturer on 10/25/16 not on exam. The people on the left that said it wasn"t going far enough; people on the right thought it went so far that us was no longer capitalist. New deal is more or less a system that exists currently. Pillars of economy: agriculture, industry, banking/finance are 3 major aspects of economy. People didn"t trust banks currently because of crash in great depression. New deal closed banks for a few days banks now had to meet standard of the amount of cash that they have in their reserves. This way they are more safe, and it"s harder for them to fail. People"s money now backed by the fdic. New deal set up offices for those that couldn"t provide for themselves these people get cash payouts at these offices.
