AAA- established in 1933
restrictions production during the new deal by paying farmers to reduce the amount of crops planted
its purpose was to reduce crop surplus so prices would go up
the farmers were paid by the federal government for leaving some of their land untilled
the act created a new agency the AAA to carry out law
TVA- created to generate electric power and control floods in a seven state region around the tennessee river valley
FDR signed the TVA authority act creating the TVA on may 18, 1933
REA the REA was created in 19235
the REA provided farms with inexpensive electric lighting power and eventually telephone power
FSA granted small farmers and tenant farmers money to purchase farms
the dust bowl forced a lot of farmers off their farmer
HOLC-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 percent
Buyers paid the entire interest charge at the end of the payback period in a single balloon payment
FHA- 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 1937
it was designed to lend money to the states or communities for low-cost home construction
homes were designed for low-income and homeless people
NLRA(B) established in 1935 through passage of the NLRA
conducts election for unions
FLSA - established a national minimum wage-40 cents/hour
Established the 40 hour work week
gauranteed time and a half for overtime in certain jobs
prohibited most child labor
SSA- 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 today
IRA - passes in 1934
1. FLSA because the more money they make the more money the goverment get and the more money the people get
2. USHA- made it easier for people to get homes
3. FHA- So people could get insured loans to buy houses and build houses
4 SSA- this act help older peeople get money so they could live
5. WPA- This made work for the unemployed and helped a lot of people get jobs
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