ADA+-+New+Deal


 * How did FDR seek to address the poor economy? (response should include reform, relief and recovery w/ an example)**

In an attempt to better the economy of the United States, FDR passed many reforms under the title of the New Deals. The Emergency Banking Act, passed on March 9th, which sought to stabilize the banking system, was one of the first acts passed under the first New Deal.


 * Bank Holiday**: FDR established a proclamation on March 6, 1933, closing every bank in the US for a period of time in hopes of stopping major withdrawals which could make the economy worst. He set the **Emergency Banking Act** on March 9th, a few days later. The act was created in an attempt to force the federal government to check all banks and to only allow stable and banks to reopen. Roosevelt believed that the act would renew Americas view on the banking system with interacting with citizens with having live radio streams weekly. In conclusion, the bank holiday caused about 1 billion in deposits to flow in the systems making it a success.

The **Federal Deposit Insurance Corporation**, created in 1933, was created and passed with the intent of federally insuring deposits up to $250,000.

The **Federal Emergency Relief Administration** was established by Congress, in May 1933,. They gave $500 million as relief aid to state and local agencies which gave it to families living there. The federal government gave a $1 for every $3 state and local government spent on to help relief. The **Civilian Conservation Corp** was created in 1933 to train men to help build campgrounds, beaches, trails in parks to help relieve the old land.

Along with supporting the stabilization of the economy, FDR also supported the securities and exchange commission which regulates companies that sell stocks and bonds. He poured money into the economy through federal loans and government spending to recover businesses. This is also called "priming the pump." He also created recovery programs including the Securities and Exchange commission to regulate companies that sold stock. In 1933 Congress passed the **National Industrial Recovery Act** to stimulate business activity.

FDR wanted farmers to reduce production, hoping that the prices of agricultural goods and purchasing power would rise. In 1933 Congress also passed the **Agricultural Adjustment Act** to pay farmers for this production cut. Soon after, in 1934, the **Southern Tenants Farmers' Union** was passed with the intent of integrating the union lobby.