New Deal vs. Great Society
New Deal
o
Goals
•
Roosevelt said the people needed a job and security
•
Capitalist solutions to the economic crisis
•
Promoted consumption and promoted a slow down of the production of goods
because farms and companies were producing too much and had to lay off
workers and loose money on crops
•
Organization-big government programs to counterbalance big business
•
Imbalance of wealth-what about the poor
o
Banking reform
•
Emergency Banking Act and Federal Deposit Insurance Corporation (FDIC)
•
Banks could be safely reopened to release funds from the reconstruction finance
corporation to increase their assets
•
Government would reimburse them for deposits if banks failed
•
Federal funds if they subjected to federal regulation and oversee
o
Job Relief Programs
•
Federal Emergency Relief Administration (FERA)
o
Created jobs for the unemployed
o
Worked with the civilian conservation corps (CCC)
Gave men dignity rather than surviving on welfare
•
Works Progress Administration (WPA)
o
Government funded jobs on public works to give employment
o
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- Fall '08
- JenniferL.Bertolet
- History, Franklin D. Roosevelt, Great Depression, New Deal, Federal Deposit Insurance Corporation, Federal Emergency Relief Administration, Great Society
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