The first of these acts was the Emergency Banking Act, which provided for federal bank inspections, and the Glass-Steagall Act provided insurance for depositors through the newly formed Federal Deposit Insurance Corporation, which restored confidence in the banks. ... Finally, Congress proposed the Social Security Act of 1935, which established a system of unemployment insurance, old-age pensions, and federal grants to the states to aid the aged, the handicapped, and families with dependent children. Largely an insurance program, Social Security was the foundation of welfare policy for later y...

• Word Count: 1193
• Approx Pages: 5
• Grade Level: Undergraduate

Many believed that the United States would decline into dissolution and little faith was placed with the current policies of Herbert Hoover's administration. ... This committee, called the Brain Trust, disagreed and argued over many of the policies implemented during the New Deal era. ... On his second day in office, FDR called for a special session of Congress which would ultimately establish numerous emergency organizations, notably the National Recovery Administration (NRA), which attempted to stabilize prices and wages through cooperation between the government, business, and labor, t...

• Word Count: 3128
• Approx Pages: 13
• Has Bibliography
• Grade Level: Undergraduate