1/23/13

[7thEli]

 AAA- established in 1933restrictions production during the new deal by paying farmers foto reduce the amount of crops plantedits purpose was to reduce crop surplus so prices would go upthe farmers were paid by the federal government for leaving some of their land untilledthe act created a new agency the AAA to carry out lawTVA- created to generate electric power and control floods in a seven state region around the tennessee river valleyFDR signed the TVA authority act creating the TVA on may 18, 1933REA the REA was created in 19235 the REA provided farms with inexpensive electric lighting power and eventually telephone powerFSA granted small farmers and tenant farmers money to purchase farms the dust bowl forced a lot of farmers off their farmerHOLC-the typical home loan in 1930 required a 50% down payment and had to be paid off within 5-7 years at an interest rate of 6 to 8 percentBuyers paid the entire interest charge at the end of the payback period in a single balloon paymentFHA- the federal housing administration was created in 1934 insured loans made by banks and other private lenders for home building and home buying USHA-created in 1937it was designed to lend money to the states or communities for low-cost home constructionhomes were designed for low-income and homeless peopleNLRA(B) established in 1935 through passage of the NLRA conducts election for unions FLSA - established a national minimum wage-40 cents/hourEstablished the 40 hour work week gauranteed time and a half for overtime in certain jobs prohibited most child laborSSA- established in 1935 provides retirement disability and survivors benifits to qualify for these benefits most american worker pay social security taxes on their earning still exists todayIRA - passes in 19341. FLSA because the more money they make the more money the goverment get and the more money the people get2. USHA- made it easier for people to get homes3. FHA- So people could get insured loans to buy houses and build houses4 SSA- this act help older peeople get money so they could live5. WPA- This made work for the unemployed and helped a lot of people get jobs'