History.

History.
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  • Emergency Banking Act
  • Keynesianism
  • Agricultural Adjustment Act
  • Banks took a large crash during the great depression for many reasons. No one had money to put in causing banks to fail, also they relied heavily on stocks which took a huge fall. The Emergency Banking Act stated that only sound banks would open after day period. This was important because it helped the process of restoring Americans trusts in banks.
  • National Industrial Recovery Act
  • The Great depression cause many to lose jobs which created a domino effect. Many lost jobs, savings, and hope. The government tried there best to solve these problems by trying to create jobs in which would benefit the economy, and everyday American citizens. Jobs in theater, construction, and more were available for Americans.
  • Civilian Works Administration
  • The Great Depression was only the start of the agricultural failure and the dust bowl. This was a time where farming was made difficult because of the advancement in technology harming the soil, and extreme wind conditions. On top of Americans not having any money to buy food, farmers couldn't always produce it, therefore, it would raise even higher in price. This act paid farmers to reduce crop acreage and create production limit.
  • FHA
  • When someone could actually find work, it was not always under the best circumstances. They worked long hours no matter the weather conditions, they had very low wages, and were overall treated badly. This act was set up to create maximum work hours, minimum wages, and more labor rights. This played a large role in our working systems today.
  • Many people were out of jobs during the Great Depression, which also meant they had little to no money. The Civilian Works Administration Act was created to hire people after their "100 days", so they got payed to do work, and not sit around and collect a welfare check. Their main focus was to create enough jobs for everyone. This was such an important factor that led to a decrease in unemployment.
  • The FHA made it so much easier for lower income earners to obtain mortgages for homes and overall stable living environments when they couldn't do it themselves all at one time. This was an important improvement that is still used today in a sense to make it easier for all to buy homes.
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