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Do Now. Take out your homework from last night. Second Hundred Days. Roosevelt launched the Second New Deal in the spring of 1935. Congress passed laws extending government oversight of the banking industry and raised taxes on the wealthy. Congress funded new relief programs.
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Do Now Take out your homework from last night
Second Hundred Days • Roosevelt launched the Second New Deal in the spring of 1935. • Congress passed laws extending government oversight of the banking industry and raised taxes on the wealthy. • Congress funded new relief programs.
Emergency Relief • Emergency Relief Appropriations Act • Stopped direct payments to Americans in need
Works Progress Administration (WPA) • 1935: Largest peacetime jobs program in U.S. history • WPA workers built: • Roads, subways, airports, even zoos. • Worked in: • Offices, schools, museums, and factories. • Collected the greatest accounts of the oral histories of former slaves.
Social Security • August 1935 • Provided guaranteed, regular payments for many people 65 and older • Included a system of unemployment insurance • Run jointly by the federal government and the states.
Revival of Unions • National Labor Relations Act (NLRA). • Outlawed a number of anti-labor practices • Established the National Labor Relations Board • Gave it authority to conduct voting in workplaces to determine whether employees wanted union representation
Election of 1936 • Franklin Delano Roosevelt • Created Rural Electrification Act • Cut Unemployment in half (15%) • Income and Business earnings were up • Alf Landon • Supported organized labor • Supported Aid to the unemployed and elderly
1937: Fall of the U.S. Economy • Fall of 1937 • Stock Market drops sharply • By the time the year was over, about 2 million more Americans had lost their jobs