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3-12-07 Notes - FDR's New Deal I First New Deal A First 100...

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FDR's New Deal I. First New Deal A. First 100 Days 1. The Banking Crisis a) Bank Holiday – Halted all banking activity in the US b) Emergency Banking Act – Provided funds from the federal government to the banks c) Glass-Stegall Act d) Federal Trade Commission and the Securities and Exchange Commission – Regulate stock market e) Off the Gold Standard – Gold/Silver coins were not the standard 2. National Industrial Recovery Act a) Nation Recovery Administration b) Section 7a – Right of workers to Unionize, ask for minimum and maximum hours c) PWA and CWA 3. Federal Emergency Relief Administration 4. Civilian Conservation Corps 5. Tennessee Vally Authority 6. To Help Farmers a) Agricultural Adjustment Act b) Farm Security Administration c) Dust Bowl compounded problems 7. Supreme Court – Republicans controlled this, and it overturned two major points (AAA) B. Critics 1. Business – Didn't like having to pay taxes 2. Demagogues and Populists a) Father Coughlin – “Radio Priest” Roman Catholic.
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