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The First New DealCh.18 Sec.2
The Hundred Days Begins
Hundred Days The first period of Roosevelt’s presidency Roosevelt had vowed to “Above all, try something ”
to fix the economy
First New Deal Name given to bills passed from 1933-1935 by
Roosevelt Passed 15 major acts to combat the Depression Were a collection of many different ideas to help
improve the situation of the U.S. Took advice from a broad range of advisors to
create his policies
The First New DealTennessee Valley Authority
Massive public works project to bring electricity to the rural South and control flooding there
Federal Emergency Relief Adminiration (FERA) Gave federal money to state & local govts to help
the unemployed
Federal Deposit Insurance Corporation (FDIC) Guaranteed bank deposits up to $100,000
Public Works Administration (PWA) Created jobs by building airports, parks, schools,
and roads
Fixing the BanksStock Market & Banks Under Roosevelt
Had govt officials inspect the nation’s banks to give them a seal of approval
Created the Securities & Exchange Commission (SEC) to regulate Stock Market activities
Glass-Steagall Act separated commercial & investment banking
Fireside Chats Direct talks by radio by FDR to restore American
confidence in govt and the economy
Providing Debt ReliefDebt Relief Under Roosevelt
Roosevelt felt people needed to eliminate their debt to invest in the economy
Wanted to help people have a disposable income again
Created the Home Owners Loan Corp (HOLC) , which reworked the mortgages of people unable to pay them
The Farm Credit Administration helped farmers refinance their mortgages
Providing ReliefRelief Programs Under Roosevelt
Civilian Conservation Corps (CCC) provided jobs to young single men for environmental projects
Civil Works Administration (CWA) hired any other unemployed people for public works projects
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