FDR's Alphabet Programs from the first new deal, need I say more?
Terms in this set (13)
Civil Works Administration (CWA)
relief for unemployed. hired laborers for temporary construction projects sponsored by the federal gov't.
Agricultural Adjustment Administration (AAA)
farm production control. AAA:agriculture::NRA:industry. encouraged farmers to reduce production by paying a subsidy for every acre they plowed under. killed by supreme court in 1935 (Schechter vs. US)
Civilian Conservation Corps (CCC)
relief for unemployed. employed young men on projects on federal lands and paid their families small monthly sums.
National Recovery Administration (NRA)
industrial recovery. immediate relief + long-term reform = NRA. guaranteed reasonable profits for businesses and fair wages and hours for labor. set codes for wages, hours of work, levels of production, and prices of finished goods. gave workers the right to organize and bargain collectively. killed by supreme court in 1935 (Schechter vs. US)
Emergency Banking Relief Act
financial recovery, authorized the gov't to examine the finances of banks closed during the bank holiday and reopen only those judged to be sound
Federal Deposit Insurance Corporation (FDIC)
financial recovery, guaranteed individual bank deposits up to $5,000
Home Owners Loan Corporation (HOLC)
financial recovery, provided refinancing of small homes to prevent foreclosures
Farm Credit Administration
financial recovery. provided low interest farm loans and mortgages to prevent foreclosures on the property of indebted farmers
Federal Emergency Relief Administration (FERA)
relief for unemployed. gave grants of federal money to states and local gov'ts that were operating soup kitchens and other forms of relief for the homeless and jobless. directed by Harry Hopkins
Public Works Administration (PWA)
relief for unemployed, allotted money to state and local gov'ts for building roads, bridges, dams, and other public works. directed by secretary of the interior Harold Ickes.
Tennessee Valley Authority (TVA)
relief for unemployed. BIG DEAL/risky idea at time that turned out to be great. hired thousands of people in the Tennessee Valley (one of the nation's poorest regions) to build dams, operate electric power plants, control flooding and erosion, and manufacture fertilizer. sold electricity to the region at way lower rates than private power companies.
Securities and Exchange Commission (SEC)
regulated the stock market and placed strict limits on the kind of speculative practices that had led to the crash in 1929.
Federal Housing Administration (FHA)
boosted the construction industry and homeowners by insuring bank loans for building new houses and repairing old ones.