america gets a new deal, 19321940. franklin delano roosevelt, the election of 1932
Post on 21-Dec-2015
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Unemployment Relief and Public Works
Civilian Conservation Corps
PWA Constructio
n Site
Tennessee Valley
Authority
Important New Deal legislationYear Legislation Purpose
1933 National industrial Recovery Act
Allows businesses to set price, wage, and production codes
1933 Agricultural Adjustment Act Paid farmers to plant less in order to raise crop prices
1933 Civilian Conservations Corps Employed young men in reforestation and construction
1933 Public Works Administration Construction projects provide work relief to poor
1933 Glass-Steagall Act of 1933 Insures Bank Deposits (FDIC) and separates commercial and
investment banking
1933 Securities and Exchange Commission
Regulated and reformed the way stocks were purchased
1933 Tennessee Valley Authority Brings electricity to rural areas, stops devastating
floods
1935 Social Security Act Guaranteed eligible workers a pension, unemployment
insurance, and aid to disabled and widows with dependent
children
1935 Wagner Act Offers government protection to unions
1935 Works Progress Administration Extensive public works program that employed 8
million people from artists to construction workers
1938 Fair Labor Standards Act Established federal minimum wage and maximum hours per
week
Keynesian Economic Theory
An economic theory stating that active government intervention in the marketplace and monetary policy is the best method of ensuring economic growth and stability.
Competing Arguments
The New Deal did not end the Depression, but
lessened its impact and put us on the road to
recovery
The New Deal prolonged the Depression and
Roosevelt should have used conservative economic policies