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• Recovery-stimulating Industry and Farming

  • Agricultural Adjustment Administration (AAA)- paid farmers to not produce, increase price by reducing supply, helped farmers but not the economy
  • National Recovery Administration (NRA)- created to stimulate economy, set a minimum wage and maximum hours, found unconstitutional
• Reform-addressing economic weaknesses

  ~Federal deposit insurance corporation (FDIC)- created to insure customers bank accounts, insured up to $250,000, restored confidence in banks

  ~Securities and exchange commission (SEC)- created to regulate stock market, limited speculation
• Opponents of the New Deal

  ~Liberal critics

  • believed the New Deal was doing too much for business and not enough for the average American

  ~Conservative critics

  • believed the federal government was getting too much power
  • believed the New Deal programs were socialist

  ~Huey "Kingfish" Long

  Share the wealth program

  $5,000 annual income for everyone

  Paid for by taxing the rich
• The second New Deal

  ~Began in 1935 with a series of aggressive new laws

  ~Works progress administration (WPA)

  • wanted to hire skilled and unskilled workers, artists, writers, teachers, doctors, etc.

  ~Social Security Act

  • Passed to combat poverty among the old and disabled
  • Americans first welfare program

  ~Wagner Act

  • Protected the right of workers to strike and collective bargaining
  • Created the Fair Practices Commission
  • Regulates unfair labor practices to limit union membership

  ~Union membership is increasing throughout the country

  ~Fair Labor Standards Act

  • Minimum wage
  • Maximum hours