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CHAPTER THIRTY FIVE: AMERICAN LIFE IN THE ROARING - page 8 / 20

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CHAPTER THIRTY SEVEN:  GREAT DEPRESSION & NEW DEAL

Election of 1932

Hoover

FDR**- DemocratNew Deal: Relief, Recovery & Reform

concern for “forgotten man”

Brain Trustyoung, college professors wrote much of New Deal legislation

kind of kitchen cabinet

** beginning of black shift to Democratic Party, rather than party of Lincoln

New Deal

“The only thing we have to fear is fear itself”

100 Days Legislation

1) Nation-wide banking holiday

2) special Congressional session

**use of executive power

Progressive idealsunemployment & old age insurance

minimum wage

conservation

child labor restrictions

Emergency Banking Relief Act – 1933to regulate banking & foreign exchange

reopen solvent banks

Glass Steagall Banking Reformset up FDIC

gold exchanged for paper $@ 30%

US taken off gold standard

Civilian Conservation Corpsgovernment camps

reforestation, fire-fighting, flood control, trails

young, unmarried men

Federal Emergency Relief Actled by Harry Hopkins

$3 billion to states for direct relief or work

Agricultural Adjustment Act$ for farm mortgages

paid farmers to reduce acreage

ruled unconstitutional in 1936

Home Owners Loan Corp. $ for non-farm mortgages

Civil Works Administrationtemporary winter jobs – raking, shoveling, et

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