Federal Emergency Relief Act
FERA was passed in 1933
Fera provided relief to people ( tried to get them back on their feet)
was one of the first relief programs
gave 3 billion dollars for relief programs
provided work for 20 million people
started 500 million dollars for reconstruction
They rebuilt parks, bridges, roads, etc
Home Owner's Loan Corporation
Establkished in 1933
purpose was to refinance mortgages so people didnt lose their houses
They sold bonds in exchange for mortgages
Borrowers were required to make a down payment
It twas succesful
And very benificial
Public Works Administration
Spent billions to make jobs
funded 70% of new schools
spent big money for big projects
was successful
Federal Housing Administration
Provided mortgageinsurance
largest insurer of mortgages in the world
hired people to build homes for military personel and their families
FHA insured loans required little money
wanted to impprove housing standards
also wanted to stabilize the mortgage market
Still around today
Works Progress Administration
largest new deal agency
made to help citizens that were poor
constructed parks and such\
wanted to employ people that were unemployed
operated projects in the arts. drama, plays and such
funded libraries
trained 30,000 women for employment
very succesful overall
blah blah did the same thing every other organization did
WPA ended because of WWII
National Labor Relations Act
protected employees rights
stopped employers from interfering with labor unions
National Labor Relations Board
organized labor unions
The Fair labor Standadrs Act
bills to limit number of hours worers can work
restriced child labor age
helped workers
Emergency Bank Relief Act
started in 1933
government could close banks and fixthem
changed loan interest to 1%
help 5000 banks re open
put trust back into the people so they would put their money back into the banks
Social Security Act\
passed in 1935
pay roll tax
gave assistance to the elderly, disabled, etc
still around today
covers over 40 million people
Federal Securities Act
required businesses to give complete info about their stock
would make responsible for misrepresentation
MADE A LOT OF RULES
was succussful\
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