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THE NEW DEAL

THE NEW DEAL. AMERICA GETS BACK TO WORK. Do Now. Find your Poster and get ready to present!. AMERICANS GAIN CONFIDENCE IN BANKS. The FDIC insured account holders up to $5,000 and set strict standards for banks to follow (today = $100,000) Long term-restore confidence in the banks.

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THE NEW DEAL

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  1. THE NEW DEAL AMERICA GETS BACK TO WORK

  2. Do Now • Find your Poster and get ready to present!

  3. AMERICANS GAIN CONFIDENCE IN BANKS • The FDIC insured account holders up to $5,000 and set strict standards for banks to follow (today = $100,000) • Long term-restore confidence in the banks

  4. MORE 100 DAYS ACTIVITY • Agricultural Adjustment Act: (AAA) paid farmers to reduce production of crops • Aim to raise prices of crops in the long run • Tennessee Valley Authority: (TVA) Focused on direct relief to hard hit area–put the unemployed to work on ambitious dam projects

  5. ALPHABET AGENCIES • CCC – Civilian Conservation Corps put young men to work (3 million by 1942) • Long term- Men worked building roads, parks, planting trees (200 million trees in Dust Bowl areas)

  6. ALPHABET AGENCIES • PWA –put unemployed back to work • Long term The PWA provided money to states to construct schools and community buildings PWA workers construct a public building in Hartford, Connecticut

  7. ALPHABET AGENCIES • FHA – Federal Housing Administration provided home loans, home mortgages and repairs Repaired business in Childersburg, Alabama

  8. WORKS PROGRESS ADMINISTRATION • The WPA set out to create as many jobs as possible as quickly as possible (8 million workers) • Long Term: built airports, roads and streets, and public buildings • hired artists, writers and photographers to create art

  9. NRA • Established “fair practices” and set prices • Established max. hours and min. wage

  10. SOCIAL SECURITY ACT • The Social Security Act, passed in 1935, had 3 parts: • Old-Age Pension • Unemployment compensation • Aid to families with dependent children & disabled (welfare) • Long Term-keep up economy

  11. Success or Failure Successes • Unemployment Decreased • Restored Confidence in the American People • Provided services (ex-meals for school children) • Created lasting public works projects • Legacy programs still exist- Social Security and FDIC Failures • Government too big (infringe on constitutional rights) • Discriminated against African Americans • Didn’t do enough to solve problems • Suicide rates high in depression • Unemployment varies

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