Monday- No School
Tuesday- Gone for Drake Honor Jazz
Unemployed People
Federal Emergency Relief Act (FERA) - provided direct relief and jobs to people. Ex. mattress making, laundresses..
Public Works Administration (PWA) - created and funding as many construction jobs as possible
Civil Works Administration (CWA) - very similar to PWA, but payed workers much higher wages & stopped after a year b/c it was too costly
Works Progress Administation - largest in the New Deal Agency..was a “make work” program that provided jobs and income to the unemployed during the depression..didn’t just focus on construction though, it presented lots of concerts and produced works of art
Young People
Civilian Conservation Corps (CCC) - gave young men jobs working 40 hrs a week and payed them up to $30 a month with $25 of it going back to their families, was ran by the U.S. Army. They planted trees, fought forest fires, and helped construct military bases. Slogan was “we can take it!”
National Youth Administration (NYA) - to keep young people in school, high school and college youth were paid $6 to $40 per month for “work study” projects and paid many other young boys and girls whose parents were struggling. Ex. boxing classes, auto mechanics classes..
Banks
Emergency Banking Relief Act (EBRA) - passed in response to the thousands of banks that closed down, it would close down the bank & reorganize it & then open it back up when it was stable. People started putting their money back into the banks
- Federal Deposit Insurance Corporation (FDIC) - insured money in banks; savings, checking accounts, money market accounts, and CD's
Wednesday- Notes
- Federal Securities
- Passed in 1933
- Made the Stock Market a safer place for people to invest their money
- Two Goals:
- 1. "required that investors receive significant information regarding securities being offered for public sale"
- 2. "prohibited deceit, misrepresentations, and other fraud in the sale of securities to the public"
- Securities and Exchange Commission
- SEC
- Established in 1934 and IS STILL HERE TODAY
- This organization regulates the stock market
- Made the market more secure and safer for people's money
- SEC
- National Industrial Recovery Act
- NIRA
- Established "codes of fair competition" aimed at supporting prices and wages and stimulating economic recovery from the Great Depression
- The law created a National Recovery Administration (NRA) to enforce codes
- The NRA tied to make voluntary agreements with business' dealing with hours of work, rate of pay, and the fixing of prices
- Businesses which voluntarily complied could display the Blue Eagle
- The NIRA also helped create hobs for unemployed workers (building schools)
- Section 7A guaranteed workers the right to unionize
- Declared unconstitutional by Supreme Court (1935)
- NIRA
- National Labor Relations Act/Board
- NLRA(B)
- Established in 1935
- Conducts elections for unions
- Stresses collective bargaining
- Investigates and fixes unfair labor practices
- Governed by a five-person board whose members are appointed by the President
- NLRA(B)
- Fair Labor Standards Act
- FLSA
- Established a national minimum wage-40 cents and hour
- Established the 40 hour work week
- Guaranteed time and a half for overtime certain jobs
- Prohibited most child labor
- Still exists today
- FLSA
- Agricultural Adjustment Act
- AAA
- Established in 1933
- Restricted production by paying farmers to reduce the amount of crops planted
- Its purpose was to reduce crop surplus so they wouldn't produce as much
- Over saw a large-scale destruction of existing crops and livestock in an attempt to reduce supplies
- Town people still starved while farmers wastes many produce
- Second AAA was funded from general taxation, and therefore acceptable to Supreme Court
- Eventually did rise farmers profits because prices went up
- AAA
- Soil Conservation and Domestic Allotment Act
- SCDAA
- Allow the government to educate farmers and make sure the land was taken care of
- Was made to prevent Dust Bowls and other erosion
- Crop rotation
- SCDAA
- Tennessee Valley Authority
- TVA
- Created to generate electric power and control floods in a seven state region around the TN River Valley
- FDR signed the act on 1933
- AGENCY STILL EXISTS AND HAS GROWN TO BECOME AMERICA'S LARGEST PUBLIC POWER COMPANY
- Some criticized it from only helped a specific region
- not the whole country
- TVA
- Rural Electrification Administration
- REA
- created in 1935
- Provided farms with inexpensive electric lighting and power and telephone services
- Brought the electric appliances from the 20's
- abolished in 1994 and its functions assumed by the Rural Utilities Service
- created in 1935
- REA
Thursday- Notes
- Farms Security Administration
- FSA
- Granted small farmers and tenant farmers money to purchase farms
- The Dust Bowl forced a lot of farmers off their farms
- Many farmers bough tractors with money from the AAA this forcing tenant farmers off the land
- The FSA provided relief to these people
- FSA
- Home Owner's Loan Corporation
- HOLC
- Required a 50% down payment on the purchase of a home (now is 10%)
- Homes had to be paid off within 5-7 years (now is 30 years)
- Couldn't afford homes - Hoover Homes
- Essentially stretched the amount of time that people could pay for a home
- brought the monthly payment
- HOLC
- Federal Housing Administration
- FHA
- Insured loans made by banks and other private lenders for home building and home buying
- Improve housing standards for low income people and make it easier for people to pay off homes
- Low income homes were at a much higher standard
- FHA
- United States Housing Authority
- USHA
- to lend money to the states or communities for low-cost home construction
- Homes were designed for low-income and homeless people
- The USHA was absorbed by the Nation Housing Agency in 1942
- USHA
- Social Security Administration
- SSA
- Provides retirement, disabilities, and survivors
- Tax taken out of paycheck to force retirement
- Older people were not given jobs because of the younger people and lost all money in Depression
- SSA
- Food, Drug, Cosmetic Act
- FFDCA
- Blue Eagle Logo
- Making sure that food and products were safe
- Banned false claims
- regulating standards
- FFDCA
- Indian Reorganization Act
- IRA
- Abolished the Dawes Act and allowed Native American to govern themselves on a tribal basis
- Allowed NA to manage and keep their own land
- Included job opportunities
- ACT IS STILL HERE TODAY!!!
- IRA
Friday- Test
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