Reconstruction Finance Corporation-1932
- Gave loans to banks, state and local govt's, and business' to create projects for people
- gave states loans for emergency relief needs
- Started under Hoover
- Not as successful as Hoover had hoped
- Dissoved in 1946 after World War 2
Why construction??
- Helps all the other organizations, wood, steel
- Provides jobs
The young and energy
- Kids left home because they thought they were just an extra mouth to eat
- National Youth Administration (NYA)- provided education, jobs, counseling, students worked part time in the schools
- Provided part-time jobs for people who dropped out of school
- Rural Electrification Administration- Private companies argued it was too expensive to string electric lines to isolated rural farmsteads
- Tennessee Valley Authority (TVA)- created in 1933, provided navigation, flood control, electricity generation, fertilizer manufacturing
Labor Unions
- organization of workers formed to protect their rights and interests
- the number of employees was going down- that were member of labor unions
- The boss has the most power in that company
- Fair Labor Standards Act-Maximum 44 hours a week, under 16 cant work during school hours, 700,000 workers affected by this
- National Industrial Recovery Act- Attempt to raise prices after deflation, created new labor standards, higher wages and shorter hours
- Guaranteed the Labor Unions have the right to exist
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