New Deal Programs
Terms in this set (16)
Emergency Banking Act/Federal Deposit Insurance Corporation (FDIC)
Right after taking office as President, FDR shut down all of the banks in the nation and Congress passed the Emergency Banking Act which gave the government the opportunity to inspect the health of all banks. The Federal Deposit Insurance Corporation (FDIC) was formed by Congress to insure deposits up to $5000.
Federal Emergency Relief Administration (FERA)
Led by Harry Hopkins, a former social worker, this agency sent funds to depleting local relief agencies. Within two hours, $5 million were given out. Mr. Hopkins believed that men should be put to work and not be given charity. His program also funded public work programs.
Civil Works Administration (CWA)
This public work program gave the unemployed jobs building or repairing roads, parks, airports, etc.
Civilian Conservation Corps (CCC)
This environmental program put 2.5 million unmarried men to work maintaining and restoring forests, beaches, and parks. Workers earned only $1 a day but received free board and job training. From 1934 to 1937, this program funded similar programs for 8,500 women.
Indian Reorganization Act of 1934
This act ended the sale of tribal lands and restored ownership of unallocated lands to Native American groups.
National Industrial Recovery Act (NIRA) of June 1933
The decline in the industrial prices in 1930s caused business failures and unemployment. The NIRA was formed in order to boost the declining prices, helping businesses and workers. The NIRA also allowed trade associations in many industries to write codes regulating wages, working conditions, production, and prices. It also set a minimum wage.
Public Works Association (PWA)
The PWA launched projects such as the Grand Coulee Dam on the Columbia River.
Federal Securities Act of May 1933/ Securities and Exchange Commission (SEC)
This act required full disclosure of information on stocks being sold. The SEC regulated the stock market. Congress also gave the Federal Reserve Board the power to regulate the purchase of stock on margin.
Home Owners Loan Corporation (HOLC)
In order to help people keep their houses, the HOLC refinanced mortgages of middle-income home owners.
Agriculture Adjustment Administration (AAA)
The AAA tried to raise farm prices. It used proceeds from a new tax to pay farmers not to raise specific crops and animals. Lower production would, in turn, increase prices.
Tennessee Valley Authority (TVA) (May 1993)
The TVA helped farmers and created jobs in one of America s least modernized areas.
Works Progress Administration (WPA) 1935-1943
This agency provided work for 8 million Americans. The WPA constructed or repaired schools, hospitals, airfields, etc.
Farm Security Administration (FSA)
The FSA loaned more than $1 billion to farmers and set up camps for migrant workers.
National Labor Relations Act (Wagner Act)
It legalized practices allowed only unevenly in the past, such as closed shops in which only union members can work and collective bargain. The act also set up the National Labor Relations Board (NLRB) to enforce its provisions
Fair Labor Standards Act of 1938
This banned child labor and set a minimum wage.
Social Security Act
This act established a system that provided old-age pensions for workers, survivors benefits for victims of industrial accidents, unemployment insurance, and aid for dependent mothers and children, the blind and physically disabled.
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