New Deal Programs
AAA- Agricultural Adjustment Act- Provided farmers from price drops, 1933, FDR, controlled the supply of corn, wheat, cotton, rice, tobacco, and milk, paid farmers to destroy some of their crops and animals, 6 million piglets were slaughtered by government
HOLC-Home Owners Loan Corp- 1933, FDR, to refinance the homes, stabilize the real estate, ended in 1941, another one started in the 70’s
SCS- Soil conservation Service- 1935, conserve soil, control floods, government gave land to people to grow native grass, trees, etc.
New Deal PowerPoint
- RFC- Reconstruction Finance Corporation (1932)
- Gave loans to banks, state and local governments and business to create projects/jobs for people,
- Gave states loans for emergency relief needs
- Started by Hoover
- Dissolved in 1946 after WWII
- CCC-Civilian Conservation Corps
- Passed in 1933 during the “One Hundred Days”
- Members lived in camps, wore uniforms, and lived under military discipline
- Members worked 40 hours a week and were paid $30 a month, with the requirement that $25 of that be sent home to family
- Between the age of 18 and 25
- Planted trees, fought forest fires, stopped soil erosion
- Helped construct military bases during WWII
- Funding stopped in 1942
- Slogan- “We can take it!”
- FERA-Federal Emergency Relief Act
- Enacted in 1933
- Main Function was to create the Federal Emergency Relief Administration
- FERA distributed more than 20 million dollars in direct aid to the unemployed
- This in turn would help the unemployed to find new jobs
- FERA had three primary objective
- PWA- Public Works Administration
- Established in 1933
- Created as many jobs as possible in many different varieties
- Great example of FDRs “priming the pump”
- Between July 1933 and March 1939 the PWA funded the construction of more than 34,000 projects
- CWA- Civil Works Administration
- Established in 1933 to create jobs for millions of the unemployed
- The CWA created construction jobs, mainly improving or construction g buildings
- And bridges
- In just one year the CWA cost the government over 800 million and was cancelled
- WPA- Works Progress Administration
- Established in 1935
- Largest and most comprehensive New Deal Agent
- The WPA was a make work program that provided jobs and income to the unemployed during the Great Depression
- WPA projects primarily employed unskilled workers in construction projects across the nation
- The WPA built m650,000 miles of roads, 78,000 bridges 125,000 building and 7,000 miles of airport runways
- NYA- National Youth Administration
- Established in 1935 and was part of the WPA
- Pushed heavily by Eleanor Roosevelt
- Served 327,000 high school and college youth who were paid
- It allowed thousands of young people to stay in school
- Unlike the CCC, it included young women
- EBRA- Emergency Banking Relief Act
- Passed five days after taking office march 1933
- Passed in response to the thousands of banks that closed down
- Passed four days after FDR announced the Bank Holiday, which closed banks down temporarily
- The EBRA would close down the bank, reorganize it and then reopen the bank when it was stable
- FSA- Federal Securities Act
- Passed in 1933
- Made the stock market a safer place for people to invest their money
- Goals:
- 1. “Required that investors receive significant information regarding securities being offed for public sale”
- 2. “Prohibited deceit, misrepresentations, and other fraud in the sale of securities to the public”
- FDIC- Federal Deposit Insurance Corporation
- Created by the Glass-Steagall act in 1933
- Insured people’s money in banks up to $1000
- Passed in response to the bank failures after the stock market crash
- Insures money in savings and checking accounts, money market accounts and CD’s
- Does not insure stocks, bonds, mutual funds, items in safety deposit boxes, loss due to theft or fraud and insured
- NRA/NIRA
- The administration tried to make voluntary agreements dealing with hours of work, rates of pay, and the fixing of prices
- Create jobs for unemployed worker
- SEC-Securities and Exchange Commission
- Established in 1934 and still around today
- Regulates the stock market therefore making the market more secure and safer for people’s money
- Banking Act of 1935
- Made the FDIC a permanent agency within the US government
- Strengthened the power of the Federal Reserve making banking safer overall
- Food, Drug and Cosmetic act (FFDCA)
- Passed in 1938
- Gave the food and drug administration power to regulate these industries
- Mandated a review of the safety of all new drugs before going to market
- Banned false therapeutic claims in drug labeling
- Authorized factory inspections and expanded enforcement powers by the FDA
- Set new regulatory standards for foods and cosmetics
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