Agricultural Adjustment Administration (AAA)
Relief - To aid farmers and to regulate crop production.
The Tennessee Valley Authority (TVA)
Recovery - To develop the resources of the Tennessee Valley. Building dams.
Rural Electrification Administration (REA)
Recovery - To provide cheap electricity for isolated rural areas.
Emergency Banking Relief Act (EBRA)
Reform - To regulate bank transactions in credit, currency, foreign exchange, gold, and silver.
Banking Act of 1933 (Glass-Steagell Act)
Reform - To set up the Federal Deposit Insurance Corporation.
Federal Deposit Insurance Corp (FDIC)
Reform - To protect bank deposits up to $5000. The amount now protected by the FDIC is $100,000.
National Recovery Administration (NRA)
Recovery - To provide "codes of fair competition and to give labor the right of collective bargaining.
Securities and Exchange Commission (SEC)
Reform - To supervise the stock exchanges and eliminate dishonest practices.
Public Utilities Holding Company Act
Reform - To eliminate holding companies of utilities that did not operate efficiently and economically.
Banking Act of 1935
Reform - To create a seven-member board of public officials to regulate the nation's money supply and the interest rates on loans.
Food, Drug, and Cosmetic Act
Reform - To require manufacturers to list ingredients in food, drugs, and cosmetics.
Created as many jobs as possible as quickly as possible in various areas and train youth for careers to lower unemployment rates of the Depression. They were all relief efforts.
Home Owners Loan Corp (HOLC)
Relief - To give loans at low interest to home owners who could not meet mortgage payments.
Federal Housing Administration (FHA)
Reform - To provide loans for the building and repair of houses.
Social Security Act
Reform - To provide a pension for retired workers and their spouses and to aid the handicapped.
United States Housing Authority
Reform - To provide federal loans for a nation-wide home improvement program.
National Labor Relations Act (Wagner-Connery Act)
Reform - To define unfair labor practices and to establish a national labor relations board to settle differences between employers and employees.
Fair Labor Standard Act
Reform - To set up a national minimum hourly wage and a maximum work week and to prohibit children under 16 from working in factories.
4 issues with american economy
1. fewer industries controlled more business, less competition
2. smaller business monopolized
3. federal policies regulating trusts and corporate affairs were ended
4. Agriculture was suffering, surplus in food
October 24, 1929 - Stock market dropped about 10-15%
People panicked and bankers panicked.
first New Deal (first 100 days)
In Roosevelt's first 100 days, he passed the Agricultural Adjustment Act, the Federal Emergency Relief Agency, and more