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The New Deal

The New Deal. Federal Deposit Insurance Corporation FDR closes all banks in the US for 4 DAYS!!! Federal government will insures one’s money if lost in banks. Insures individual bank deposits. How much money would the FDIC insure bank deposits for in the 1930s? $5000 What about today?

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The New Deal

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  1. The New Deal

  2. Federal Deposit Insurance Corporation • FDR closes all banks in the US for 4 DAYS!!! • Federal government will insures one’s money if lost in banks. • Insures individual bank deposits. • How much money would the FDIC insure bank deposits for in the 1930s? $5000 • What about today? $250,000

  3. Tennessee Valley Association • Americans living in the Tennessee River Valley were among the poorest in the nation. • The TVA built a series of dams in the Tenn. river valley to control floods and to generate power. • Also replanted forests, built fertilizer plants, created jobs and attracted industry with the promise of cheap power. • The Civilian Conservation Corps (CCC) was created to offer work to more than 2 million young men.

  4. CWA: String Quartet Fundamentals class in Minnesota TVA: Big Ridge Dam in Tennessee CCC Auto-Mechanics Training in Wisconsin.

  5. The Second New Deal • The U.S. was one of the only industrialized countries not to have some form of pension program for the elderly. • The Social Security Act provided pension, unemployment insurance as well as insurance for work-related injuries. • Applied mostly to the fields of industry. • Works Progress Administration(WPA) – Created new jobs by rebuilding roads, harbors, water conservations, etc.

  6. The Supreme Court • In 1935, the Supreme Court killed both the NRA and AAA. • Court-reorganization plan: “Court Packing” Plan, 70.5 years old, add 6 justices • Outrage from many Republicans and Democrats, upset the checks and balances, bill was rejected. • Aftermath: Starting in 1937, the Courts upheld the constitutionality of various New Deal laws. (Wagner & Social Security)

  7. Cartoon

  8. Labor Unions • The Wagner Act gave industrial workers the right to join labor unions. • Gave workers the right to collective bargain. • Created the National Labor Relations Board (NLRB) to look into workers’ complaints. • Fair Labor Standards Act – Sets a minimum wage and maximum work hours in a day

  9. Opponents of the New Deal • Liberal Critics • Socialists opposed because they felt that the New Deal benefited businesses too much. • Huey Long a Sen from Louisiana supported his “Share the Wealth” program which proposed high taxes on big business. • Wanted monies redistributed to the poor. • Conservative Critics • Claimed the New Deal gave too much power to the government. • Business leaders opposed increased regulations, pro-union stance, and deficit spending.

  10. Effects of the New Deal • Many women help lead the New Deal with the help of Eleanor Roosevelt. • Frances Perkins was the 1st female cabinet member when she was the Sec. of Labor. • Eleanor Roosevelt tried to ease racial tensions by sitting with black delegates at a conference.

  11. The New Deal Affects Native Americans • During the 1930s the Bureau of Indian Affairs stopped discouraging the practices of Indian religions • Programs to help Native Americans known as the Indian New Deal

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