SEcurities and exchange commision protects investors and maintains fair trading. After teh great crash of 1929, america's stock market had very little support and federal regulation. A reform was in need. A year after the Securities Act of 1933, tehy passed the SEcurities Exchange Act. This was meant to restore investor's confidence. It regulated the stock martket.
A security is basically a stock.
Rural Electrfification Administration:
It is the process of bringing electrcity to rural areas. IN the 1930s, 90% of urbans had power, and only 10% of rural's did. Utility companies claimed it costs too much to bring power to farms. THis is when the government stepped in and decided it was now thei rjob to helpt. COmpanies thought this was unfair, they could afford it. At first, the president wanted to rely on the state government, but the depression made people lose a lot o fpower. The REA helped low populated poor area companies to be able to have electricity in 1935. After two years, it gave electricity to 1.5 million farmers. In 1950's, almost all farmers had power. I thelped the growth of suburbs. AFter 49, the REA helped people getting phone survace. The Rural utility service took over and is responisble.
Critics and Failing of the New Deal:
Huey Long was an early supporter of Roosevelt but turned against him, claiming the new Deal was to obligated to business.Long survived an impeachment attempt at his first year in office. He then became senator in D.C. in 1930. He supported roosevelt. For the 1932 election, Long wasn't offered a federal post. Long spoke of a "Share our Wealth Plan" THis plan was going to take all the money from the wealthiest and redistribute it to the poor. He was assassinated a month after he announced he was going to run against Roosevelt in the 1936 election.Charles Coughlin was an early supporter of roosevelt. He said roosevelt was a liar. He spoke on the radio claiming roosevelt was a dictator. Townsend proposed that Government give $150 to people over 60 every month. People receiving this money would spend it to thelp the depression. Social Security Act decreased old age, poverty, and unemployment issues. Gave money to retired.
Civilian Conservation Corps:
Also known as CC, most popular New Deal programs. On April 5, 1933, FDR executed the order to established it. There were 300 lines of work in CCC. CCC has seperate Indian division. It was disbanded in 1942. They were paid $30 a month. $25 of that would go back to their family. Everything was provided, and was provided by the military.
Farm Security Administration:
FSA originated as an assortment of projects combined together in 1935. The goal was to encourage farmers to farm less to raise crop prices. But they lacked sufficient crops. They wanted to make farmers more efficient. Tought woman and children. Established health insurance oranization. The FSA wanted to modernize rural areas. A tenant farmer is a farmer who farms on land he rents from a landlord.
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