Agricultural adjustment act may 1933:
● Gov subsisted farmers to reduce their acreage and production
● Producing less the cost of food increase and farmers' incomes
● Pay farmers to reduce production of staple items- corn etc
● Self-financing
● Reducing cotton production was needed
● Paid to destroy cotton
● Pigs were Slane
Tennessee valley authority May 1933:
● Construct 20 dams to control floods that affected the region
● Developed ecological schemes- tree planting to stop soil erosion
● Encourage farmers to use more efficient means of cultivation- contour
ploughing
● Provide jobs- fertiliser manufactories
● Develop welfare and educational programmes
● Produce hydroelectric dams to get power to more farms
Emergency banking relief act march 1933:
● Closed all banks for 4 days- gave treasury to draft emergency legislation
● Aimed to restore the banking system
● Treasury had power to investigate all banks threatened with collapse
● Reconstruction finance corporation authorised to buy stock to support
them- became biggest bank in the world
● By April banking crisis was over
Glass-Steagall act 1933:
● Commercial banks that relied on small-scale depositors were banned
from involvement in the type of investment banking
● Bank officials not allowed to take personal loans from own banks
● Authority over buying and selling stocks
● Individual bank deposits were to be insured against bank failure set
figure 2,500
● Insurance issued by federal deposit insurance corporation
● Gov subsisted farmers to reduce their acreage and production
● Producing less the cost of food increase and farmers' incomes
● Pay farmers to reduce production of staple items- corn etc
● Self-financing
● Reducing cotton production was needed
● Paid to destroy cotton
● Pigs were Slane
Tennessee valley authority May 1933:
● Construct 20 dams to control floods that affected the region
● Developed ecological schemes- tree planting to stop soil erosion
● Encourage farmers to use more efficient means of cultivation- contour
ploughing
● Provide jobs- fertiliser manufactories
● Develop welfare and educational programmes
● Produce hydroelectric dams to get power to more farms
Emergency banking relief act march 1933:
● Closed all banks for 4 days- gave treasury to draft emergency legislation
● Aimed to restore the banking system
● Treasury had power to investigate all banks threatened with collapse
● Reconstruction finance corporation authorised to buy stock to support
them- became biggest bank in the world
● By April banking crisis was over
Glass-Steagall act 1933:
● Commercial banks that relied on small-scale depositors were banned
from involvement in the type of investment banking
● Bank officials not allowed to take personal loans from own banks
● Authority over buying and selling stocks
● Individual bank deposits were to be insured against bank failure set
figure 2,500
● Insurance issued by federal deposit insurance corporation
