Sunday, May 13, 2012

The Second Hundred Days

          Two years later, there was a "Second Hundred Days" was called up by the President which had also focused on the different measures to improve the economy. Among these many measures, 3 were the most beneficial, the Home Owners Loan Corporation, which had refinanced homes that were farms. The Glass-Steagall Banking Act, which helped establish the Federal Bank Deposit Insurance Corporation which helped protect individuals bank accounts, and the Civil Works Administration (CWA) which provided authorities with funds for public projects, such as roads and bridges, it was later terminated. Along with these measures was the Work Progress Administration which provided jobs for 2 million people. All of these projects were very expensive and because goverment money was not enough to pay for it, modifications to taxes were made, which was more taxing to the rich than the poor.
A WPA project

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