The Great Depression is notorious period of American history. A formative time in 20th century America, it came about after the riotous exuberance of the roaring twenties and lasted nearly a decade. Learn more and engage students with Storyboard That!
New Deal programs - The Great Depression in America -
PUBLIC WORKS PROGRAMS
R&C BANK OPEN
FDR initiated many public works programs to help ease unemployment and reinvest in the American economy and infrastructure. With the Tennessee Valley Authority (TVA), the Civilian Conservation Corps (CCC), and the Workers Progress Administration (WPA), citizens found work and a wage. This also increased buying confidence.
FDR wanted to restore the public's confidence in banks. To do so, he passed the Emergency Banking Act, which allowed the government to inspect banks' "health". It was determined over two-thirds of banks were healthy, restoring people's confidence to save their money again and make bank deposits. This helped restore banks and their lending powers.
Finally, a deposit!
REGULATING THE ECONOMY
Back to work for fair wages!
FDR: THE NEW DEAL
ASSISTANCE TO FARMERS
To regulate the economy, FDR instituted the National Industrial Recovery Act in 1933. This act helped regulate wages, competition amongst businesses, production, and prices. The act also allowed workers to negotiate working terms. However, such regulation was met with opposition, and many businesses fell back into depression.
Farmers and the agriculture industry were hit hardest by the depression. To assist them, FDR attempted to help farmers manage their mortgages, although this proved to be difficult. In addition, FDR set up the Agricultural Adjustment Administration to regulate farm prices and production, to bolster sales and hopefully rise prices.