US History II AP
December X, 20XX
Chapter 33 Questions
1. What were the three R’s of the New Deal? How did Roosevelt attempt to achieve them, especially in the first “one hundred days”? Roosevelt’s New Deal legislation was basically split into three main points, or the three R’s, which were recovery, relief, and reform. He had started off with issues on banking and money. The Emergency Banking Relief Act of 1933 had given the president the power to regulate banking transactions and any foreign trade as well as being able to reopen banks that had recovered enough money. In order to reinforce the public’s dependence on banks the Glass-Steagall Banking Reform Act was passed. This act had provided for the Federal Deposit Insurance Corporation, FDIC, which thanks to this Corporation deposits up to $5,000 was to be insured, it has changed to $250,000 as of 2008. His “fireside chats” had assured the public to trust the banks despite the previous widespread bank failures. The second issue he had focused on were jobs and homes. The Civilian Conservation Corps, CCC, was formed to create jobs. The CCC were planting trees, fighting forest fires, flood control, and swamp drainage. Thanks to the CCC about three million people were getting jobs. The Federal Emergency Relief Administration, resulting from the Federal Emergency Relief Act, was led by Harry L. Hopkins and the administration had given about $3 billion to the states to fund their relief projects. The Agricultural Adjustment Act had made millions of dollars available for farmers to afford their mortgages. The Home Owners’ Loan Corporation had financed the mortgages for people, as well as helping out mortgage holding banks. Near the end of the first hundred days rebuilding industry and labor was the focus. The National Recovery Administration had been made as an attempt for a complete national return. The hours of labor were reduced so employment could spread. There was then a set maximum and minimum amount of hours for work. Workers were assured that they could organize bargain through a representative of their own choosing. The NRA had the idea of “fair competition” codes for industrial recovery, but it had failed and was removed in 1935. There was to much self sacrifice and there were many businesspeople who had secretly disobeyed the code.
2. How did conservatives, especially the