FDR vs Hoover


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  • Bank Holidays- After the banks set a limit to how much a person could width drawl FDR set bank holidays for banks to take a three day cool down on the money that was leaving and no more money could be taken out within that time.
  • Failing Banks- FDR
  • Unsafe Stock Market- FDR
  • S.E.C.- Stock market watchdogs for fair use of the stock market and protection of investors.
  • Agricultural Marketing Act- government buys the surplus of the farmers crops and convinces them to lower the price so people can afford their food and farmers get the money that they put into the crops.
  • Farmers Struggle to Get By- Hoover
  • Problems in Industry & Labor- FDR
  • NRA- tried to create minimum wage and that started at $0.25 and a maximum work week of 40 hours and anything above that is over time and banned child labor
  • Unemployment- FDR
  • CCC- employed 3 million men and gave them $30 a month and $25 was sent back to their families to take care of themselves as the men worked
  • Securing the American Dream- FDR
  • Social Security- Allowed a percentage of wages to go towards elderly and assist them in living while the young could take their jobs and the elderly sit back and relax as the money rolled in but only to have so much that the government now takes from it and spends it
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