HIST 2112 Lecture Notes - Lecture 13: Ivy League, Deficit Spending, Scottsboro Boys
Document Summary
First new deal focused on getting businesses and corporations out and also people who are unemployed. Second new deal focused more on labor unions. Third new del was focused on housing, policy, mortgages, etc. (cid:862)the only thing (cid:449)e ha(cid:448)e to fear is fear itself(cid:863) -fdr. Bank holiday and emergency relief banking act he shut down all banks down in order to calm people down. Gave fdr the opportunity to have all the power over banks. A system to guarantee by the federal government can give you your money back that you put in the bank. Can only insure that people get a certain amount of money back. Wants to put people back to work. Put young men (18-25) who were unemployed doing construction to help the environment. salary: went back to the family. Brings electricity to places that did not have it. Built a lot of public buildings (libraries, etc. ) Hired people such as artist, historians, architects, etc.
