The New Deal

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The New Deal by Mind Map: The New Deal

1. BANKING HOLIDAY

1.1. Banks shut down & let gov. inspect

1.1.1. Wont open until "healthy"

2. MONEY HANDLING

2.1. Security exchange commission STOCK MARKET

2.2. practiced buying on margin

2.2.1. Have to pay a greater amount down, saves people from collapsing

2.3. Gold Standard

2.3.1. Can't print more money than Fort Knox Reserve will allow

2.3.2. More $ in circulation = wages+prices increase= inflation = dollar value decreasing

2.3.2.1. Gov has spending power

3. NATIONAL INDUSTRIAL RECOVERY ACT (NIRA) and NATIONAL RECOVERY ADMIN (NRA)

3.1. Stop fighting between labour and business

3.2. Fair labour laws, no child labour, shortened work hours

3.3. People claimed NRA was communist

4. New node

5. TENNESSEE VALLEY AUTHORITY

5.1. Promotes hydroelectric power, control flooding, lower rates

5.2. Nationalization vs. Privatization

5.2.1. fed. gov. took ownership, private industry

6. PAINTINGS

6.1. The Annual Move, by Otis Dozier 1936

6.2. Construction of the Dam, by William Gropper

7. AGRICULTURAL ADJUSTMENT ACT 1933

7.1. Restore farmers purchasing power & restore family farm

7.1.1. Food production down when millions were starving

7.1.2. white landowners got rid of black formers, black sharecroppers were hurt

7.1.3. 1935 had too much control over individual states, made new legistlation

7.1.3.1. FOOD STAMP ACT OF 1939, gave way surplus food to poor, guaranteed small farmers a market

8. UNEMPLOYMENT

8.1. FDR wants people to earn their keep so gov. agencies could be created

8.2. CIVILIAN CONSERVATION CORPS (CCC) 1933

8.2.1. Work for young men (18-25)

8.2.1.1. reforestation, soil conservation, flood control, road construction,

8.2.2. black people not able to participate

8.2.3. NATIONAL YOUTH ADMIN.

8.2.4. FED. EMERGENCY RELIEF ACT

8.2.4.1. For older people

8.3. SOCIAL SECURITY ACT 1935

8.3.1. Unemployment insurance, old age pensions

8.3.1.1. problem: took $ out of circulation, only covered unemployed people

9. ELECTION

9.1. 1936 FDR won against Alf. Landon

9.1.1. Reorganized supreme court, appointed new judges

9.2. 1944 FDR won, wanted to stay neutral during WW2

9.2.1. Still gov. involvement

10. RESULTS!

10.1. constant intervention of gov., social reform

10.2. WW2 would be the only help of unemployment, created factory jobs for making ammo