Friday Jan. 27

7)Marea- Public Works Administration(PWA) and the Civil Works Admenistration(CWA)-PWAProjects paid for by public funds and they were constructed by the government for the use of the public. It spend seven billion dollars on consturcting more jobs, improved public welfares, and mainted purchashing powers. It helped construct for than 34,000 projects. Gave the government the fisrt network of distributing funds to local districts and later became unrelated to what was going on and was abolished in June of 1941.-CWAIt created millions of jobs for the unemployed. It built 12 million feet of swer pipes, also built or made things better such has play grounds, airports, roads, and schools. It payed many people alot of money to do construction.8)Julie-Emergency Banking Relief Act(EBRA) Federal Securties Act(FSA)-EBRThis means that the banks reopen when financially ready, it was passed by Congress, and it gave unsurance to money people had in banks. It was one of othe first problems that FDR had to face. Several banks failed, FDR called for a bank holiday(many banks shut down and FDR met with the bosses of the banks saying they could reopen if ready and they will financially help) It was very successful, within three days 5,000 banks reopened and 65% of banks reopened. It only lasted during the year of 1933-FSAPassed on May 27, 1933. It means that it made people safe about putting their money into the stock market. Another name for it is the "Blue sky laws" It could sell bad stock but had to have all facts right. There were two major goals of this act. It was successfull becasue it prevented people from selling bad stocks and saying they were good, stopped inflation of stock prices, and it stopped people from pooling or overpriced. This act is still around today but it has changed becasue there was no fasle advertising.9)Connor-Federal Deposit Insurance Corporation(FDIC)-FDICFrom 1886 to 1933 there were 150 tried to get a deposit insurance company. It was adopted in 1933, the charirmen fo the House Committee was a big part in getting it started, and the banks that failed right before 1933 were supposed to strengthen the banking system. It is an independent agency that insure your money. If a bank failed the corporation would pay all the people that had money in the bank up to a certain amount. People were getting more confident in putting their money into banks and the first deposit insurance corporation to work out of around 150 since 1866. This act is still around and has made many changes it make it better and easier to trust.-NRA and NIRANRA was established in 1933 by Franklin Roosevelt and the NIRA was enforced in 1933. The NRA eliminated competiton that would put buisnesses out of buisness and it helped workers by setting certain hours and wages. The NIRA got industries to make a code of compeition and the purpose was to regualte industry and they monoplies in 1934.
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