3. FDR’s advisors: Brain Trust” “The 4. New Deal Programs INITIALS STAND FOR… DESCRIPTION & EFFECT HOW DID IT HELP? FDR declared a 4 day bank holiday People had confidence in the 1 Banking Bill” “Emergency for banks to reorganize banks that reopened FDR used the radio to talk to Reassured Americans and 2 Chats” “Fireside Americans about the New Deal made them feel more secure Federal Deposit Insurance Confidence in the banks was 3 *FDIC Insured bank deposits up to $5000 Corporation restored Regulate the stock market; Stocks Securities and Exchange Confidence in the stocks 4 *SEC markets stabilized as trading Commission market was restored practices reassured investors Sought to end overproduction and Provided financial aid to 5 AAA Agricultural Adjustment Act raise crop prices farmers; raised crop prices Built dams to generate electric power, replanted forests, built Provided water and electricity 6 *TVA Authority fertilizer plants, created jobs, and for the Tennessee area; jobs attracted industry Replanted forests, dug ditches, 7 CCC Civilian Conservation Provided jobs for young men fought fires, made trails Established regulations for workers Helped workers make more National Recovery 8 NRA pay and businesses (minimum money, increased company Administration wage) profits Improved the nations Built bridges, power plants and 9 PWA Public Works Administration infrastructure and provided government buildings jobs IV. New Deal Opposition The Right (Conservatives): The government is too powerful telling businesses how to operate and spending large sums of money The Left (Liberals): The New Deal did not do enough to end the Depression C. Huey Long: proposed high taxes on the wealthy and large corporations and the redistribution of their income to poor Americans V. The Second New Deal: What problems did the Second New Deal address? Second New Deal Programs Program Description and Effect How did it help? Works Progress employed millions of people on government Administration projects ranging from highway construction to Created jobs (WPA) arts programs
3. FDR’s advisors: “The Brain Trust” 4. New Deal Programs INITIALS STAND FOR… DESCRIPTION & EFFECT HOW DID IT HELP? 1 “Emergency Banking Bill” FDR declared a 4 day bank holiday for banks to reorganize People had confidence in the banks that reopened 2 “Fireside Chats” FDR used the radio to talk to Americans about the New Deal Reassured Americans and made them feel more secure 3 *FDIC Federal Deposit Insurance Corporation Insured bank deposits up to $5000 Confidence in the banks was restored 4 *SEC Securities and Exchange Commission Regulate the stock market; Stocks markets stabilized as trading practices reassured investors Confidence in the stocks market was restored 5 AAA Agricultural Adjustment Act Sought to end overproduction and raise crop prices Provided financial aid to farmers; raised crop prices 6 *TVA Authority Built dams to generate electric power, replanted forests, built fertilizer plants, created jobs, and attracted industry Provided water and electricity for the Tennessee area; jobs 7 CCC Civilian Conservation Replanted forests, dug ditches, fought fires, made trails Provided jobs for young men 8 NRA National Recovery Administration Established regulations for workers pay and businesses (minimum wage) Helped workers make more money, increased company profits 9 PWA Public Works Administration Built bridges, power plants and government buildings Improved the nations infrastructure and provided jobs IV. New Deal Opposition The Right (Conservatives): The government is too powerful telling businesses how to operate and spending large sums of money The Left (Liberals): The New Deal did not do enough to end the Depression C. Huey Long: proposed high taxes on the wealthy and large corporations and the redistribution of their income to poor Americans V. The Second New Deal: What problems did the Second New Deal address? Second New Deal Programs Program Description and Effect How did it help? Works Progress Administration (WPA) employed millions of people on government projects ranging from highway construction to arts programs Created jobs
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