HIST 13C Lecture Notes - Lecture 6: Federal Emergency Relief Administration, Federal Deposit Insurance Corporation, Agricultural Adjustment Act
Document Summary
Depositors lose 2. 5 billion dollars between 1930-1933. Money supply of us fell by 1/3. Hoover tries to raise taxes and put money towards public works but nothing works. Economic crisis of 1930s led to rise of fascism in europe but us did not. Patriation us got tired of illegal immigrants living in us. Lots of deportations during great depression (mainly immigrants) Emergency banking act of 1933 allows state to inspect banks, allows insolvent banks to close down and reorganize. Glass-steagal act of 1933 creates the fdic (federal deposit insurance corporation), which protects account balances of the people. Security affiliate a national organization created by a national banking association (set up to allow national banking organizations to do things without the ) Created jobs and provided relief for the poor. Fera (federal emergency relief administration) organization that provided immediate relief to the poor, but later shifted to work relief programs to create jobs.
