This act provided the framework under which banks could reopen their doors with federal support (McElvaine, p.103). ... May, on the other hand, saw the passing of the Agricultural Adjustment Act, which created the Agricultural Adjustment Administration (AAA) to distribute federal aid to farmers and controlled farm production. That same day, the most comprehensive relief bill of the New Deal was passed, the Federal Emergency Relief Act (FERA), appropriating $500 million to support state and local treasuries that had run out of money (Leuchtenburg, p.107). ... Strict regulation of business and f...

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• Approx Pages: 5
• Has Bibliography
• Grade Level: High School