Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Summary

Summary Usa: boom, bust and recovery- 1st and 2nd new deal notes

Rating
-
Sold
-
Pages
4
Uploaded on
15-06-2026
Written in
2025/2026

summary of both new deals by FDR- can be used as a comparison between both new deals. useful for those who want to achieve grades C and above.

Institution
Module

Content preview

First new deal Second new deal

Emergency relief: Social security act 1935:
-​ 1 in 4 americans out of work -​ First federal measure of direct
-​ Soup kitchens and bread lines ran welfare given as a right for those
by voluntary organisations in every who qualified.
city -​ Instituted old age pensions and
-​ Makeshift Hooverville houses disability pensions,which, although
created on the outskirts of every meagre, set a precedent for future
town development.
-​ Federal Emergency Relief -​ Unemployment benefit was only
Administration (FERA): given $500 offered for a limited period of 16
million to divide equally between weeks.
states to provide relief for the -​ Although it was self financing.
unemployed- half was given to Recipients of old age pensions had
FERA and the other half was divided to pay into the system and the
between states (given them $1 for amount received was dependent on
every $3 they gave)-some states how much they paid.
refused to comply -​ Domestic and agricultural workers
-​ Led to 5,000 public buildings being did not benefit from this as they
built earned too little to contribute,
-​ FDR aimed that these measures missing out on the benefits.
would be self-funding as they often
started with loans in hopes that it Revenue act 1935:
would be repaid as public works -​ Was known as the ‘soak the rich’ act
projects went into profit. -​ Increased taxes for those earning
-​ Was insufficient for the scale of the over $50,000 from 50 to 75%
problem, but became the first -​ Fewer than 1 American household
example of direct federal in 20 paid federal income tax and
government relief only 10% of us families earned more
than $3,200 a year. Most Americans
Public works paid state taxes only, making limited
-​ One of the ways of bringing changes to the federal tax system.
immediate employment to those out -​ Called fdr a class traitor as he was
of work through publicly funded work from a wealthy background- criticism
schemes. of the rich
-​ Brought down the rate of -​ Used more as a political showpiece
unemployment through putting to defeat the share our wealth
money into pockets, stimulating the campaign
private sector of the economy
More aid for farmers:
Alphabet agencies -​ Resettlement administration of 1935
-​ Public Works Administration (pwa): helped relocate 45,000 farming
spent around $3.3 billion on public families from the areas of
building projects to provide work for oklahoma,texas and kansas most
the unemployed. Led to the building badly affected by the dustbowl
of 13,000 schools, 50,000 miles of -​ Rural electrification adminstration:
road and the building of hospitals. gave low interest loans to rural
However , employees found co-operatives to allow them to
themselves went back on relief after provide electricity. In 1930, only 10%
their contract ended and only of rural communities had electricity
stimulated temporary relief rather and by 1945,40% of farmers had
than permanent recovery. electricity.

Connected book

Written for

Study Level
Examinator
Subject
Unit

Document information

Summarized whole book?
No
Which chapters are summarized?
First and second new deal
Uploaded on
June 15, 2026
Number of pages
4
Written in
2025/2026
Type
SUMMARY

Subjects

$10.00
Get access to the full document:

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Get to know the seller
Seller avatar
madisonkyle

Get to know the seller

Seller avatar
madisonkyle me
Follow You need to be logged in order to follow users or courses
Sold
-
Member since
2 weeks
Number of followers
0
Documents
9
Last sold
-

0.0

0 reviews

5
0
4
0
3
0
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions