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

BANKING HOLIDAY

Banks shut down & let gov. inspect

Wont open until "healthy"

MONEY HANDLING

Security exchange commission STOCK MARKET

practiced buying on margin

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

Gold Standard

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

More $ in circulation = wages+prices increase= inflation = dollar value decreasing, Gov has spending power

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

Stop fighting between labour and business

Fair labour laws, no child labour, shortened work hours

People claimed NRA was communist

New node

TENNESSEE VALLEY AUTHORITY

Promotes hydroelectric power, control flooding, lower rates

Nationalization vs. Privatization

fed. gov. took ownership, private industry

PAINTINGS

The Annual Move, by Otis Dozier 1936

Construction of the Dam, by William Gropper

AGRICULTURAL ADJUSTMENT ACT 1933

Restore farmers purchasing power & restore family farm

Food production down when millions were starving

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

1935 had too much control over individual states, made new legistlation, FOOD STAMP ACT OF 1939, gave way surplus food to poor, guaranteed small farmers a market

UNEMPLOYMENT

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

CIVILIAN CONSERVATION CORPS (CCC) 1933

Work for young men (18-25), reforestation, soil conservation, flood control, road construction,

black people not able to participate

NATIONAL YOUTH ADMIN.

FED. EMERGENCY RELIEF ACT, For older people

SOCIAL SECURITY ACT 1935

Unemployment insurance, old age pensions, problem: took $ out of circulation, only covered unemployed people

ELECTION

1936 FDR won against Alf. Landon

Reorganized supreme court, appointed new judges

1944 FDR won, wanted to stay neutral during WW2

Still gov. involvement

RESULTS!

constant intervention of gov., social reform

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