AP US History Review: Important New Deal Acts
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Created by:
KevinCliffordBarnett Plus on May 3, 2012
Description:
New Deal Acts
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16 terms
Terms | Definitions |
|---|---|
 Emergency Banking Act (1933) | Allowed inspection of bank records to enable financially stable banks to reopen; validated "bank holiday"; permitted Reconstruction Finance Corporation to buy stocks of banks in trouble, thereby giving the banks an infusion of new capital, an example of "pump priming" |
| Glass-Steagall Banking Act (1933) | Established Federal Deposit Insurance Corporation to insure bank deposits and stabilize the banking system |
| Federal Emergency Relief Administration (FERA) (1933) | Provided work on projects, such as building roads and airports, schools and playgrounds, and parks |
| Civilian Conservation Corps (CCC) (1933) | Provided jobs related to conservation of natural resources to men between the ages of seventeen and twenty-five |
| Agricultural Adjustment Act (AAA) (1933) | In order to raise prices, limited farm production by paying subsidies to farmers withhold land from cultivation; Declared unconstitutional in 1936; Replace with Soil Conservation and Domestic Allotment Act to keep surpluses in check and prices of agricultural commodities and farm incomes up |
| National Industrial Recovery Act (NIRA) (1933) | Created National Recovery Administration (NRA) Administered codes of fair practices for businesses and industry; created Public Works Administration to provide money for construction or improvement of the infrastructure and public buildings |
| Securities Act (1933) | Gave Federal Trade Commission power to supervise new issues of stock; made company directors liable-civilly and criminally for misrepresentation |
| Tennessee Valley Authority (TVA) (1933) | Bought, built and operated dams; generated and sold electrical power; plan flood control and reforestation projects; withdrew poor land from farming; use of rates as a yardstick to gauge rates charged by private utilities controversial |
| Farm Credit Administration (1933) | Provided funding for farm mortgages |
| Home Owners Loan Corporation (1933) | Provided funding for home mortgages (HOLC) |
| Securities and Exchange ACt (1934) | Provided for federal regulation of securities exchanges; established the Securities and Exchange Commission (SEC) |
| Banking Act of 1935 | Reorganized the Federal Reserve System to give the Federal Reserve Board control over open-market operations |
| National Youth Administration (NYA) (1935) | Provided work-relief training, and employment to people between the ages of 16 and 25 who were not full-time students; provided part time employment for students allowing for their continued education |
| Social Security Act of 1935 | Established unemployment compensation fund; established the old-age pension fund; set up grants to states for care of needy dependent children, the physically disabled, and women and children in poverty; Did not cover all jobs such as farmers, farm workers, and domestics, and therefore excluded some 80% of all blacks |
| National Labor Relations Act (Wagner Act) (1935) | authorized the National Labor Relations Board to oversee union elections and define and prohibit unfair labor practices |
| Fair Labor Standards Act (Wages and Hours Act) (1938) | Set max of 40 hour workweek and a minimum wage for workers engaged in interstate commerce or in the production of goods involved in interstate commerce |
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