presentations:
Federal Emergency Relief Act:
fera
purpose was to provide relief and help people get back on their feet
may 1933
pretty successful
part of the 100 days legislation
gave states nearly 3 billion dollars for relief programs
provide work for 20 million ppl
started a fund for 500 million dollars for reconstruction
rebuilt parks, roads, bridges, streets, anything that needed rebuilding
home owners loan corporation:
holc
purpose was to refinance home mortages to prevent foreclosure
granted long term mortgages to over a million ppl facing the loss of their homes
stretched loans out
accomplished by selling bonds to lenders in exchange for teh mortgages
borrowers were required to make a down payment
huge benefit for home owners
public works administration:
spent big money to fund big projects
spent billions of dollars to create jobs, stabilize purchase power, and improve public welfare
funded the construction of more than 34,000 projects between 1933-1939
biggest failure only building 25,000 homes in four and a half years
built schools, houses, hospitals
Federal Housing Administration:
provided mortgage insurance on loans made by FHA approved lenders
largest insurer of mortgages in the world
only gov't agency running on it's own income
FHA insured loans require very little cash to close a home
helped finance military housing
goals were to improve housing standards and conditions
stabalize mortgage market
helped military and low income ppl to get loans to get houses
still around today
works progress administration:
created to help citizens that were suffering from the great depression by providing economic relief
helped construct schools, parks, and bridges, as well as giving citizens clothes, food, and places to live
goal was to employ as many unemployed ppl on relief until the economy was able to recover
operated projects such as arts, drama, media, and literacy
largest alphabet soup organization
1933-1965
costed alot and was a big tax burdon
many projects under the WPA
household service demonstration project
library service demonstration- built libraries
merritt parkway- bridges
overall very successful
built over 130 hospitals
supplied hundreds of thousands of ppl with jobs
gave many ppl places to live
ended in 1941
ppl were too busy preparing for ww2
national labor relations act:
created to protect the rights of employees and employers
made to stop specific labor and managment practices that are able to harm welfare of the workers, the US economy, and business
stops employers from interfering with labor unions
national labor relations board
was created to make sure the NLRA's provisions are being followed properly
organized labor unions
helps prevent unfair business practices
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