Transcript EMERGENCY BANKING RELIEF ACT

EMERGENCY BANKING RELIEF ACT
 IMMEDIATE PURPOSE
 AUTHORIZED THE TREASURY DEPARTMENT
TO INSPECT AND CLOSE BANKS
 LONG-TERM GOAL
 TO RESTORE PUBLIC CONFIDENCE IN BANKS
GLASS-STEAGALL BANKING ACT
OF 1933
 IMMEDIATE PURPOSE
 ESTABLISHED FDIC
 LONG-TERM GOAL
 TO RESTORE PUBLIC CONFIDENCE IN BANKS
FEDERAL SECURITIES ACT
 IMMEDIATE PURPOSE
 REQUIRED CORPORATIONS TO PROVIDE
COMPLETE INFORMATION ON ALL STOCK
OFFERINGS
 LONG-TERM GOAL
 TO RESTORE PUBLIC CONFIDENCE IN STOCK
MARKET
NATIONAL INDUSTRIAL RECOVERY
ACT (NIRA)
 IMMEDIATE PURPOSE
 SET PRICES; ESTABLISHED LABOR
STANDARDS
 LONG-TERM GOAL
 TO ENSURE FAIR BUSINESS PRACTICES AND
TO PROMOTE INDUSTRIAL GROWTH
AGRICULTURAL ADJUSTMENT ACT
(AAA)
 IMMEDIATE PURPOSE
 PAID FARMERS TO LOWER PRODUCTION
 LONG-TERM GOAL
 TO RAISE CROP PRICES (AND THUS, FARM
INCOME)
TENNESSEE VALLEY AUTHORITY
(TVA)
 IMMEDIATE PURPOSE
 BUILT AND REPAIRED DAMS AND OTHER
PROJECTS IN THE TENNESSEE VALLEY
REGION
 LONG-TERM GOAL
 TO CREATE PROSPERITY IN THE
IMPOVERISHED TENNESEE VALLEY REGION
CIVILIAN CONSERVATION CORPS
(CCC)
 IMMEDIATE PURPOSE
 PUT YOUNG MEN TO WORK ON ROADS-
BUILDING AND CONSERVATION PROJECTS
 LONG-TERM GOAL
 TO REDUCE UNEMPLOYMENT
FEDERAL EMERGENCY RELIEF
ADMINISTRATION (FERA)
 IMMEDIATE PURPOSE
 PROVIDE DIRECT RELIEF FOR THE NEEDY
 LONG-TERM GOAL
 TO PROVIDE FOR THE BASIC NEEDS OF THE
PEOPLE HIT HARDEST BY THE DEPRESSION
PUBLIC WORKS ADMINISTRATION
(PWA)
 IMMEDIATE PURPOSE
 PROVIDED MONEY TO STATES TO CREATE
JOBS
 LONG-TERM GOAL
 TO REDUCE UNEMPLOYMENT
CIVIL WORKS ADMINISTRATION
(CWA)
 IMMEDIATE PURPOSE
 PROVIDED 4 MILLION IMMEDIATE JOBS
 LONG-TERM GOAL
 TO REDUCE UNEMPLOYMENT
HOME OWNERS LOAN CORPORATION
(HOLC)
 IMMEDIATE PURPOSE
 PROVIDED GOVERNMENT LOANS TO
HOMEOWNERS WHO FACED FORCLOSURE
 LONG-TERM GOAL
 TO HELP FAMILIES KEEP THEIR HOMES
HUEY LONG
 A SPOKESMAN FOR THE POOR
 A GOVERNOR OF LOUISIANA AND LATER, ITS
U.S. SENATOR
 AN EARLY SUPPORTER OF THE NEW DEAL
WHO LATER TURNED AGAINST ROOSEVELT.
 HIS “SHARE OUR WEALTH” PROPOSAL WAS
EXTREMELY POPULAR NATIONWIDE
 HE WAS ASSASSINATED IN 1935 AT THE
HEIGHT OF HIS POPULARITY