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Unformatted text preview: Roosevelts New Deal 1. First Hundred Days and First New Deal a. 1933 inauguration speech o devoted to help the poor and promote recovery the only thing we have to fear is fear itself o first 100 days o New Deal-plan for national recovery; unprecedented era of government intervention in the economy, industry, and agriculture b. Emergency Banking Relief Act-March 9, 1933 o Framework that banks could reopen with federal support o March 31-Unemployment Relief Act Created Civilian Conservation Corps (CCC)-to employ the destitute in conversation and other productive work o May 12-Agricultural Adjustment Act-to manage federal aid to farmers and control production (of crops); offered subsidies to farmers who produced under set quotas Federal Emergency Relief Act (FERA)-passed the same day; support state and local treasuries o May 18-Tennesee Valley Authority (TVA)-plan to develop energy production sites and conserve resources in the TV o May 27-Federal Securities Act-efforts to improve corporate honesty about stocks and other securities Securities Exchange Commission (SEC)-1934 o June 16-National recovery Administration (NRA)-to manage the recovery of industry and finance; fair competition that bound industry (during New Deal) National Industrial Recovery Act-Public Works Administration (PWA)-designed to employ the jobless and infuse the economy with money o June 16-Federal Deposit Insurance Corporation (FDIC)-to back individuals bank deposits with federal funds c. June 16-Congress ended first hundred days of reform Legislation and Agencies of the First New Deal Emergency Banking Relief Act ended the bank panic, provided banks with federal support Civilian Conservation Corps (CCC) employed more than two million young men from 1933 to 1941 Agricultural Adjustment Administration (AAA) regulated farm production, helped raise farm income Federal Emergency Relief Act (FERA) funded state and local treasuries Tennessee Valley Authority (TVA) helped develop and preserve the resources of the Tennessee Valley Federal Securities Act regulated the stock market Federal Deposit Insurance Corporation (FDIC) backed individuals bank deposits with federal funds National Recovery Administration...
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