-
Period: to
Stock Market Crash and Great Depression
The crash of the stock market lead to the Great Depression. During this time the unemployment rate rose and the Bank system failed and the U.S. economy suffered. The new deals were Roosevelt's way to handle this unfortunate situation -
Inauguration of Franklin D. Roosevelt
Franklin Delano Roosevelt was the 26th president of the United states. He was elected to be president during a very tough time for the U.S. During his presidency, he enacted laws and acts that were meant to help the U.S. and restore the economy -
Emergency Banking Relief act
The first Act enacted by president Roosevelt. This was meant to fix the broken banking system. It examined the financial health of individual banks. It was a relief from the great depression -
Federal Emergency Relief Act
This provided assistance to the unemployed Americans and their family. It was also able to provide jobs for unskilled workers. -
National Employment System Act (Wagner-Peyser Act)
This established an employment system throughout the United States. They were able to provide job- finding assistance to unemployed Americans and even provided a labor exchange system -
Glass-Steagall Act (Banking Act)
Established the Federal Deposit Insurance Corporation (FDIC). This allowed the government the ability to supervise banks and it gave federal oversight to all of the commercial banks. Later acts parts of the act were, however, released in 1999. -
National Housing Act
Created agencies that allowed for low-interest, long-term loans for the construction of low- income houses. It helped to form the basis of mortgages and the housing industry. -
Emergency Relief Appropriation Act
This marks the beginning of the second new deal. FDR set this in place as a way to get Americans back into work. This was a Recovery because they had no jobs and were struggling. -
Rural Electrification Administration (REA)
This allowed for rural people to have low-cost electricity. It was a Relief because many of them were struggling and this was good for them and changed the lives of many. -
National Labor Relations Act (Wagner Act)
This established the National Labor Relations Board and secured workers rights. Rights included ability to form union, strikes and bargain. This is a reform because it changes the lives of many and makes working better for these laborers. -
Social Security Act
This created the social security system of America. It gives Americans support and aid to unemployed, retirees and the Handy capped. It is a relief and is beneficial to millions -
Judicial Procedures Reform Bill (“Court Packing”)
FDR reorganized the system in order to prevent the Supreme court from saying his new deals were unconstitutional. This was unpopular and seen as negative. This reform allowed for change within the government. -
Fair Labor Standards Act (FLSA)
This law was about labor standards. It introduced the forty-hour work week, set minimum wage, made it illegal to employ anyone under the age of 16, and more. FDR thought this was the most important deal since the social security act and it was helped the people to recover.
