16 terms

the new deal

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what are the three R's
relief (aid for ppl), recovery (for industry), reform (prevention)
declared to stop bank failures (relief)
bank holiday
closed the insolvent banks and only reopened the solvent ones (relief)
emergency banking act
gave immediate help to those that needed it in the form of cash payments (relief)
federal emergency relief act
provided temporary jobs repairing roads and bridges (relief)
civil works administration
temporary jobs to unmarried single adults filling sand bags and helping out at disaster type situations. participants lived in barracks type housing. (relief)
civilian conservation corps
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. (recovery)
agricultural adjustment act
permanent agency set up to monitor stock market activity and ensure that no fraud or insider trading was taking place (reform)
securities and exchange commission
separated commercial and investment banking operations. created the FDIC to insure depositors' money in savings banks up to $5000 (reform)
glass-steagall banking reform act
permanent agency designed to provide guaranteed income to elderly. also intended to promote spending. funded by payroll taxes on current workers (reform)
social security administration
helped labor unions and thus helped workers. this acted created the NLRB which enforced labor law and made sure that fair business practices were upheld (reform)
national labor relations act
laws mandating proper soil maintenance to make sure that another dust bowl was avoided (reform)
soil conservation act
created the NRA which was a consortium of bussinesses organized to set rules and regulations for the economy (recovery)
national industrial recovery act
gave loans to home owners so they could pay mortgages. prevented homelessness. (recovery)
home owners loan corp.
provided long term governemnt jobs and other public works (recovery)
Works Progress Administration
agency created to build dams in the tennessee river valley. provided irrigationa and cheap power (recovery)
tennessee valley authority
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