The New Deal and Banking: A Selective Legislative Analysis

A paper which examines the legislation relating to Franklin Roosevelt’s New Deal programs, in a bid to recover the American economy from the Great Depression.

The New Deal was Roosevelt’s answer to the Great Depression and was aimed at the three R’s relief, recovery and reform. This paper reviews a selection of legislative laws that represent the three phases of the New Deal and their impact at the time on the economy and government. The paper makes use of historic references and economic theory principles to further clarify the intent of the legislation. In conclusion, it addresses agencies created during that time and points out legislation that is currently in effect today. The paper also explains how the legislation impacted the household through micro economic policies and theories essay writer account, as well as money and banking.

Table of Contents:
Emergency Banking Act
Federal Emergency Relief Act
Agricultural Adjustment Act
National Industrial Recovery Act
Glass-Steagall Banking Act
Social Security Act
Fair Labor Standard Act
On May 12 the Federal Emergency Relief Act, setting up a national relief system, passed and established the Federal Emergency Relief Administration (FERA) which appropriated 500 million dollars for quick relief. This act also created the Civilian Conservation Corps (CCC) with 250,000 immediate jobs for individuals between the age of 18 and 25. Members were supplied with food, shelter, transportation, clothing, medical care, and limited education. Projects undertaken by the CCC were reforestation, road construction, soil erosion, flood control, and development of national parks. Critics to the CCC claimed that this was make work. By its end in 1941, 22 million persons had worked at over 1500 CCC camps across the United States.