Today Drea started her presentation about FERA, but it started as the ERA. It was started by Hoover, to give loans to stated to operate relief---every state had one. She then talked about TERA---pretty similar, led by Harry Hopkins to give the stated funds for relief. These types of programs, the relief funds, were used to help citizens get jobs. It created factories, raised self-esteem :), and generally relieved unemployment. But...yeah it didn't work very well. They spent a crap-load of money and unemployment was still high. So it was TERMINATED and replaced by the WPA. I mean, 20 million people got work, and that was cool, but 3.1 billion dollars was spent in two years within the organization.
She then talked about HOLC, a BIG (haha) group that tried to prevent foreclosure by selling bonds and lengthening loans. But...then they ran out of money.
And Ryan talked about the Public Works Administration. The PWA!!!! Which sounds like a comic book sound effect. But it was created by the National Industrial Recovery Act in June 1933. It did alot. I built hospitals, dams, bridges, schools, and even a little housing (they dabbled).
SPEAKING Of HOUSING
He segued into the United States Housing Authority. They built houses. Or lent money for houses to be built and given to the poor. They weren't AMAZING houses, but they worked.
And We just kept rolling because Minden started talking about the Civil Works Administration. It was another group with the goal of creating jobs for the winter of 1933-spring 1934. It employed nearly 4 million (3%) worked and improved a lot of infasttructure
Then she talked about the FHA. The Federal Housing Administration provided got in insurance on mortange loans, though it also worked to improve housing standards.
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