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1933 Federal Emergency Relief Administration (FERA)
Helped states to provide aid for the unemployed
1935 National Youth Administration (NYA)
Provided job training for unemployed young people and part-time jobs for needy students
1933 Emergency Banking Relief Act (EBRA)
Roosevelt declared a bank holiday and closed down all the banks to be inspected. Those that were considered stable could reopen while others that were in financial crisis would remained closed or they could obtained loans if necessary
1933 Glass-Steagall Act
Created the Federal Deposit Insurance Corportation (FDIC), which protected bank deposits up to $5,000, thus reassuring the Americans that their money were safe
1933 National Industrial Recovery Act (NIRA)
Provided money to states to create jobs; it was struck down by the Supreme Court as unconstitutional on the ground that it gave legislative powers to the executive branch and that the enforcement of industry codes within states went beyond the federal government's constitutional powers to regulate interstate commerce
1933 Federal Securities Act
Required corporations to provide complete information of all stock offerings and made them liable for misrepresentations
1934 Securities and Exchange Commission (SEC)
Supervised the stock market and eliminated dishonest practices
Banking act of 1935
Created seven-member oard to regulate the nation's money supply and the interest rates on loans
1938 Food, Drug and Cosmetic Act (FDC)
Required manufacturers to list ingredients in foods, drugs, and cosmetic products
1933 Agricultural Adjustment Administration (AAA)
Raise crop prices by lowering production and paying farmers to leave a certain amount of every acre of land unseeded; declared unconstitutional by Supreme Court on the ground that agriculture is a local matter and thus, the power to regulate agriculture should be given to states rather than federal government (States vs. Federal Government goes way back to the Constitutional Convention in which Alexander Hamilton supported Federal Power while Thomas Jefferson supported States Power)
Soil Conservation and Domestic Allotment Act
Replaced the AAA in which farmers were paid to cut production of soil depleting crops and they were also given reward s for practicing good soil conservation methods
1933 Tennesse Valley Authority (TVA)
Developed the resources of the Tennessee Valley such as electrics
1935 Rural Electricfication Administration (REA)
Provided affordable electricity for isolated rural areas.
1933 Home Owners Loan Corporation (HOLC)
Loaned money at low interest to homeowners who could not meet mortage payments
1935 Wagner Act
Response to the struck down of the National Industrial Recovery Act (NIRA)---->see number 9; The Wagner Act established collective bargaining, protected the right of workers to join unions and engage in collective bargaining with employers, and also established the National Labor Relation Board (NLRB) to hear testimony about unfair practices
1938 Fair Labor Standards Act
Established a minimum hourly wage and a maximum nmber of hours in the workweek for the entire country. Set rules for the employment of workers under 16 and banned hazardous factory work for those under 18
1935 Social Security Aministration
The Social Security Administration has three parts:
-Old age insurance for retirees 65 or older and their spouses: The insurance was a supplemental retirement plan. Half of their funds came from the worker and half from the employer. Although some groups were excluded from the system, it helped to make retirement comfortable for many Americans.
-Unemployment Compensation System: The unemployment system was funded by a federal tax on employers. It was administered at the state level and the initial payments ranged from $15~$18 a week.
-Aid to families with dependent children and the disabled. The aid was paid for by federal funds made available to the states
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