APUSH The New Deal
Terms in this set (16)
Declared to stop bank failures.
Emergency Banking Act
Closed the insolvent banks and only reopened the solvent ones
Federal Emergency Relief Act (FERA)
Gave immediate help to those that needed it in the form of cash payments
Civil Works Administration (CWA)
Provided temporary jobs repairing roads and bridges
Civilian Conservation Corps (CCC)
Temporary jobs and unmarried single adults filling sand bags and helping out at disaster type situations. Participants lived in barracks type housing.
Agricultural Adjustment Act (AAA)
Taxed food processors and gave the money directly to farmers as a payment for not growing food. This decreased supply so price would go up.
National Industrial Recovery Act (NIRA)
Created the NRA (National Recovery Administration) a consortium of businesses organized by the government and given the power to set rules and regulations for the economy. Members of the NRA displayed a blue eagle.
Home Owners Loan Corp
Gave loans to home owners so they could pay their mortgages. This prevented people from going homeless and prevented banks from going under.
Works Progress Administration (WPA)
Provided long term government jobs building schools and other public works projects.
Tennessee Valley Authority (TVA)
Agency created to build dams in the Tennessee river valley. These dams provided more stable irrigation and cheap hydroelectric power.
Securities and Exchange Commission (SEC)
Permanent Agency set up o monitor stock market activity and ensure that no fraud or insider trading was taking place.
Glass-Steagall Banking Reform Act
Separated commercial and investment banking operations. Created the Federal Deposit Insurance Corporation (FDIC) to insure depositors' money in saving banks up to $5,000.
Social Security Administration
Permanent agency designed to provide guaranteed income to elderly. Also intended to promote spending. Funded by payroll taxes on current workers.
National Labor Relations Act (Wagner Act)
Helped labor unions and thus helped workers. This acted created the NLRB (National Labor Relations Board) which enforced labor law and made sure that fair business practices where upheld.
Soil Conservation Act
Laws mandating proper soil maintenance to make sure that another dust bowl was avoided.
Fair Labor Standards Act
Banned child labor, 40 hour work week, minimum wage.