 | Term | Definition |
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Emergency Banking Relief Act |
Recovery: (EBRA) March 9, 1933; closed insolvent banks, reorganized strong banks, aided banks overall; 5000 banks inspected and reopened; examiners inspected banks; gave president power to regulate transactions in credit, currency, gold, silver, and foreign exchange |
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Civilian Conservation Corps |
Relief: (CCC) March 31, 1933; reduced poverty/unemployment, helped young men and families; young men go to rural camps for 6 months to do construction work; $1/day; intended to help youth escape cities; concerned with soil erosion, state/national parks, telephone/power lines; 40 hr weeks |
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Federal Emergency Relief Administration |
Relief: 1932; (FERA) response to Federal Emergency Relief Act; headed by Harry Hopkins; fought adult unemployment, gave money away, short term solution to unemployment; gave state/localities $3.1 billion; 20,000,000 got work; lasted from May 1933 to December 1935 |
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Agricultural Adjustment Act |
Recovery: (AAA); May 12, 1933; restricted crop production to reduce crop surplus; goal was to reduce surplus to raise value of crops; farmers paid subsidies by federal government; declared unconstitutional by the Supreme Court in US vs Butler on January 6, 1936 |
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Tennessee Valley Authority |
Reform: (TVA) May 1933; provide navigation flood control, electricity generation, fertilizer during Great Depression; used federal experts and electricity to fuel the economy; covered Tennessee, Alabama, Mississippi, Kentucky, Georgia, North Carolina, and Virginia; no citizenry or elected officials; |
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Home Owner's Refinancing Act |
Relief: June 13, 1933; provided mortgage money and other aid to homeowners; passed to permit the HOLC to refinance home mortages for only non-farm owners |
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Natinal Industrial Recovery Act |
Relief: (NIRA); June 16, 1933; created jobs for unemployed; Recovery: stimulated economy after the Great Depression, supported competition; President controlled fair competition, created jobs for the unemployed; created the NRA; enforced the blue eagle stickers; supported by business leaders |
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Public Works Administration |
Relief: June 1933; created by NIRA; spent $3.3 billion on public projects; provided the unemployed with work in public works; Recovery: contributed to a revival of the American industry; increased purchasing power and and improed public welfare; from July 1933 to March 1939 it took on 34,000 different public works projects; included airports, electricity-generating dams, major warships for navies, and bridges; spent over $6 billion dollars total |
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Glass-Steagall Banking Reform Act |
Reform: It separated banks into different categories. The banks couldn't gamble with the investments, so the investments were kept safe; protected bank depositors; forced a separation between commericial banking and investment banking |
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Resettlement Administration |
April 30, 1935- Tugwell, who held positions in the United States Department of Agriculture, convinced Roosevelt to form an agency that would relocate struggling urban and rural families to communities planned by the federal government. Roosevelt was in control. |
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Works Progress Administration |
May 6, 1935- Began under Hoover and continued under Roosevelt but was headed by Harry L. Hopkins. Provided jobs and income to the unemplyed but couldn't work more than 30 hours a week. It built many public buildings and roads, and as well operated a large arts project. |
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Wagner Act (NLRB- National Labor Relations Board) |
July 5, 1935- An independent agency of the United States Government that conducts elections for labor union representations and investigats and remedies unfair labor practices. It is governed by a five-person board and a General Counsel, all of whom are appointed by the President with U.S. Senate consent to 5 year terms. The General Counsel acts as a prosecutor and the Board acts as an appellate judicial body from decisions of administrative law judges. |
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Social Security Act |
August 14, 1935- The Social Security Act was drafted by President Roosevelt's committee on economic security, under Edwin Witte. The Act provided benefits to retirees and the unemployed, and a lump-sum benefit at death. Payments to retirees were financed by a payroll tax on current workers' wages, half directly as a payroll tax and half paid by the employer. |
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Soil Conservation Act |
February 29, 1936- Financial assistance to farmers was to be contingent on several factors, including soil restoration and measures to prevent erosion. Congress authorized to be appropriated sums necessary for the purposes of the Act, with some limitations. Secretary is in charge. |
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Fair Labor Standards Act |
June 25, 1938- United States federal law that applies to employees engaged in and producing goods for interstate commerce. The FLSA established a national minimum wage, guaranteed time and a half for overtime in certain jobs, and prohibited most employment of minors in "oppressive child labor," a term defined in the statute. The FLSA is administered by the Wage & Hour Division of the United States Department of Labor. |
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Civil Works Administration |
November 9, 1933- Harry L. Hopkins was put in charge of the organization. The CWA created construction jobs, mainly improving or constructing buildings and bridges. In just one year, the CWA cost the government over $1 Billion and was cancelled. So much was spent on this administration because it hired 4 million people and was mostly concerned with paying high wages. |
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National Housing Act |
June 28, 1934- It created the Federal Housing Administration (FHA) and the Federal Savings and Loan Insurance Corporation. It was designed to stop the tide of bank foreclosures on family homes. |
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Authorization for Securities and Exchange Commission (SEC) |
June 6, 1934- Regulates trading practices in stock and bonds according to federal laws. |
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