November 4 2009 revised

November 4 2009 revised - November 4, 2009 Review: What...

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November 4, 2009 Review: What spurred suburbanization? What is the New Deal? Phase 1, Continued; For Urban Unemployed/Rural Development: Civilian Conservation Corps (CCC): seeing that local governments were overwhelmed by relief demands, FDR came up with the idea of employing city workers in the national forests. 1.mid-summer of 1933, more than a quarter of a million young men were living in CCC camps. 2.unemployed, unmarried young men between 18 and 25 years old (later, the age limit was expanded to 17- 28), but most of the enrollees were under 20. 3.The CCC boys got $30 a month; $25 of their pay was sent directly to their families, leaving them with just $5 to spend on movies in town, or gambling in camp. For Regulation of Banking:
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Glass-Steagall Act: separated commercial banking from investment banking, since the combination was considered behind the bank failures of the Great Depression. Also created the Federal Deposit Insurance Corporation (FDIC) http://www.investopedia.com/articles/03/071603.asp
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November 4 2009 revised - November 4, 2009 Review: What...

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