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The New Deal by Mind Map: The New Deal
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The New Deal

Revolution

FDR wanted change and started off by dealing with the banking situation.

Banking Holiday: Banks shut down // gov. inspection. Allowed to open when moral was returned.

Security Exchange Commission; stock market reform.

Gold Standard; gov. could print more money than more gold.

Kenynesian Economics; causing dollar value to lower.

Specific Pieces of Legislation

National Industrial Recovery Act(NIRA), and National Recovery Admin (NRA); established child labour and shortened business.

Liberty League; claiming that Fed. Gov. was exceeding its authority by interfering w/ state jurisdiction.

TVA; used to promote hydroelectric power, control flooding, lower rates, private industry, manuf. fertilizr.

AAA; restore farmers purchasing power and restore the family farm. Had farmers cut back on crop production by paying them equivalent SUBSIDES.

Food Stamp Act of 1939; gave away surplus food to poor & small farmers a market.

CCC; set work for young men 18-25 in all areas of reforestation.

NYA; created young in urban area

FERA; aimed for older workers, but unemployment was still at 6 million.

National Labour Relations Act; it legitimized unions and labour tactics such as collective bargaining & outlawed blacklists

Social Security Act // Welfare Act; people feared this because of old age & pensions

Election of 1940; FDR broke with tradtion & ran a third time

Wendell Wilkie - Big issue w/ American support of the allies. Now embroiled with WWII v. Nazi Ger.

Isolationist; parties approved of New Deal legislation

3rd Revolution

Arsenal of Democracy; New Deal helped stimulate economy, but only WWII problems.