feb 21 - February 21, 2011 New Deal Franklin Roosevelt...

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February 21, 2011 New Deal Franklin Roosevelt never liked welfare but wanted to help unemployment promoted work relief wanted to create jobs in campaign, talked about New Deal First New Deal 1933-early 1935 main focus-recovery and relief for poor and unemployed Hoovers->progressive period conservatism shaped New Deal Tried many different things Basic assumption: Just society could be created by superopposing welfare state upon capitalist system cooperation through business in first 100 days of office Congress passed any acts 15 major acts Some ideas were well thought while others contradicted direct government action Much inspiration from John Maynard Keynes(British economic who believed government deficit spending would prime and jumpstart economy) FDR wanted to do 4 things: 1. wanted to stabilize banks 2.jumpstart industry and get people back to work 3.jumpstart agriculture by solving farming crisis 4.jumpstart America's moral->hope for future 1.WANTED TO STABILIZE BANKS March 6, 1933->2 days after being president 5 day national bank holiday closed banks. Would give surviving banks more solid fitting Several days after, Congress passed Emergency Banking Relief Act->regulate banking and foreign exchange Glass-Steagall Banking Act FDIC created Federal Deposit Insurance Corporation Guaranteed money from government (insured) government banks if bank fails
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This note was uploaded on 01/28/2012 for the course HIST 2112 taught by Professor Sutter during the Spring '07 term at University of Georgia Athens.

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feb 21 - February 21, 2011 New Deal Franklin Roosevelt...

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