HIST 125 Lecture Notes - Lecture 33: Fireside Chats, Civilian Conservation Corps, Federal Deposit Insurance Corporation
19th Amendment
Right of women to vote
FERA
Federal Emergency Relief Act
Gave money to states to help with emergency relief
AAA
Agricultural Adjustment Act
PWA
Public Works Administration
NRA
National Recovery Administration
CWA
Civil Works Administration
FHA
Federal Housing Administration
WPA
Works Progress Administration
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Document Summary
Gave money to states to help with emergency relief. Provide income to help people get by by giving them a job like working in a park or in a public building. Around to help the worst of the depression. Young men 18-24 who don"t have jobs help in the wilderness areas and are given housing, food, and small stipend. Most money was sent home to help family. Get the old guys to retire and create a supplemental income. Goes on fireside chat and says that they created this insurance for your savings. Banks will pay a fee to join this insurance corporation and they will guarantee your savings up to a certain amount that it won"t be lost. When banks reopen, more money deposited than withdrawn. Rampant speculation in the stocks and real estate are one of the biggest reasons for the great depression. Important that investors know what exactly they are investing in.