FDR Critics Board

FDR Critics Board

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Storyboard Text

  • To restore confidence in banks and encourage savings, Congress created the FDIC to insure bank customers against the loss of up to $5,000 their deposits if their bank should fail. Created by the Glass-Steagall Banking Reform Act of 1933, the FDIC is still in existence.
  • Should I trust the bank with my money and savings after what happened with the Stock Market Crash?
  • BANK
  • Yes of course! I've put my savings in the bank and now I don't have to worry about losing it!
  • Created in 1933, he AAA paid farmers for not planting crops in order to reduce surpluses, increase demand for seven major farm commodities, and raise prices. Farm income rose, but many tenants and share-
  • We need you to cut down on how many crops you are planting so we can get the share-croppers out of business. We'll pay you!
  • Sure I can do that, but I will only do it if I get payed so I can keep my farm and take care of myself financially.
  • The Social Security Act of 1935 established the SSA to administer a national pension fund for retired persons, an unemployment insurance system, and public assistance programs for dependent mothers, children, and the physically disabled. The pension was financed by a payroll tax to begin in 1937. It exists to this day as the nation's most important and expensive domestic program, covering over 40 million Americans and accounting for about one-fourth of the federal budget.
  • The Social Security Act that the government just passed is an absolute amazing!
  • Yes it is! Just imagine how many people that this act is going to help! Think about how their lives will change!
  • The Federal Deposit Insurance Corp (FDIC) was created to get the American society to trust the banks with their money and be able to encourage savings.
  • The Agricultural Adjustment Act was created to pay farmers to reduce the number of crops they were growing to reduce the amount and increased prices. That resulted in the farmers income increase and got share-croppers out of business.
  • The Social Security Act of 1935 was created a pension to pay for retired people, give them unemployment insurance, and a program to support dependent mothers, children, and people with physical disabilities.
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