Roosevelt's program for relief, recovery, and reform that creates
modern welfare state
FDR closes all American banks for 4 days (Congress meets to discuss
legislation); Creates a great sense of relief for the public
Securities and exchange commission
An independent agency of the government that regulates financial
markets and investment companies
Federal Deposit Insurance Corporation (FDIC)
This entity provided insurance to personal banking accounts up to
$5,000. These assured people that their money was safe and secure.
This agency still functions today.
Civilian conservation Corps (CCC) 1933
employed about 3 million men (between 1825) to work on projects
that benefited the public, planting trees to reforest areas, building
levees for flood control, and improving national parks, etc. Most
pop form of legislation. Men only keep 2025% of $, rest sent back
Works Progress Administration
Congress created this in 1935 as an agency that gave jobs to people
who needed them. They worked on bridges, roads, and buildings.
They spent 11 billion dollars and gave almost 9 million people jobs.
It was one of the New Deal Agencies.
Roosevelt's proposal in 1937 to "reform" the Supreme Court by
appointing an additional justice for every justice over age of 70;
following the Court's actions in striking down major New Deal