The New Deal
Emily O'Hare, Lily Chambers, Erica Sims
The New Deal
The New Deal was a series of economic programs created by Congress during a period of depression from 1933 to 1936.. These programs were aimed to bring Relief, Recovery, and Reformation.It brought relief for the unemployed and poor, recovery of the economy, and reform of the financial system to prevent a relapse of the Great Depression. These laws and regulations affected banking, the stock market, industry, agriculture, public works, relief for the poor, and conservation of resources.
The National Recovery Administration encouraged business to end child labor and set a minimum wage. The NRA also tried to set up codes to govern prices and other practices for every industry. Hugh Johnson, held a campaign to promote the agency. Very shortly after, a blue eagle represented the agency and along came a slogan “ We Do Our Part , which started appearing everywhere. The National Industrial Recovery Act created the NRA. The purpose of the NRA was to stimulate the economy during the Great Depression
The Federal Deposit Insurance Corporation(FDIC) was established by Congress. The purpose of this program was to avoid future banking crises, and to insure bank deposits. All money that was placed into the FDIC is guaranteed by the government not to lose the money placed in the bank, even if the bank failed.