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