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Franklin Roosevelt


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Franklin Roosevelt

  1. 1. Franklin Roosevelt: The New Deal
  2. 2. Bank Holiday <ul><li>Since over 5,000 banks had failed, FDR ordered banks to close for a bank holiday. They would re-open after allowing time for the government to reorganize them on a sound basis. </li></ul>
  3. 3. Emergency Banking Relief Act, 1933 <ul><li>On 9th March, 1933, Congress passed the Emergency Banking Relief Act which provided for the reopening of the banks as soon as examiners had found them to be financially secure. Within three days, 5,000 banks had been given permission to be re-opened. Later that year Congress passed the 1933 Banking Act. The Federal Reserve Board was given tighter control of the investment practices of banks and the Federal Deposit Insurance Corporation was set up to insure all deposits in banks up to $5,000. </li></ul>
  4. 4. Glass-Stegall Banking Act, 1933 <ul><li>An act that prohibited commercial banks from collaborating with full-service brokerage firms or participating in investment banking activities </li></ul><ul><li>-it insured funds in banks </li></ul>
  5. 5. Beer and Wine Revenue Act, 1933 <ul><li>The new president kept a campaign promise to enact repeal of Prohibition and also raised needed tax money by having the Congress pass this act, which legalized the sale of beer and wine. </li></ul>
  6. 6. Civilian Conservation Corps (ccc) <ul><li>CCC employed young men on projects on federal lands and paid their families small monthly. </li></ul>
  7. 7. National Industrial Recovery Act, [ NiRA ] <ul><li>It caused a lasting change in labor-management relations by legalizing labor unions. </li></ul>
  8. 8. Public Works Administration, [ PWA ]