Today we continued presentations once again!
Federal Emergency Relief Act:
(Under Employment to help unemployed) Known as FERA. Its purpose was to provide relief for people to help them get back on their feet. It was one of the first relief programs. Passed in May 1933. This was part of the 100 days. This act gave states nearly three billion dollars for relief programs. It provided 20 million jobs for people. They started a fund for 500 million dollars for reconstruction. They rebuilt parts bridges buildings streets. They re built what they needed to.
Home Owner's Loan Corporation:
(Under housing/ home owners) Was established in 1933. It purpose was to refinance home mortgages to prevent foreclosure. THis granted long term mortgages to over a million people facing the loss of their homes. They accomplished thier goal by selling bonds to lenders in exchange for the mortgages. Borrowers were required to make a down payment. This act was a huge benefit for American Home Owners. This was one of congresses most successful operation even though they thought it wasnt going to be very successful.
Federal Housing Administration:
(Under housing) provided mortgage insurance on loans made by RHA approved lenders. Largest insurance of mortgages in the world. It whas insured over 34 million properties since starting in 1934. It is the only government agency running on its self generated income. It also gave people jobs. FHA insurced loans require very little cash to close a loan. It was supposed to help poorer people and military families to get loans and buy homes. Its goals were to improve housing standards and conditions. To provide a good home financing system through mortagaes. and to stablize the mortgage market. It is still around today and they still do mortgage loans.
Public Works Administration:
(Under unemployed) (Under housing) was used to spend big money for big projects. Spent several billion to creat jobs stabilizing purchase power and improve public welfare. Funded the building of aiports, electricity generating dams and aircraft carriers. Its biggest failure was building only 25000 homes in four and a half years. It also electrified the Pennsyvannia railroad between new york and washington DC. Also funded 70 percent of new schools and 1/3 of the hospitials built in this time. Also built schools. Yes it was successful and it is still around today everywhere in the US.
Works Progress Administration:
(Under Unemployed) - Largest New Deal Agency. Created to help citizens that were suffering from the great depression by providing economic relief. Helped by constructing schools parks and bridges as well as giving citizens clothes, food, and places to live. Goal was to employ poeple who were unemployed. Help people recover from the poor economy. Operated projects as arts, drama, media, and literacy. THis act also helped arts, musicans, etc. to get jobs who probably wouldnt be getting jobs during this time. Lots of murals were painted. Lots of music programs were put on. Household serive demonstration projects trained over 30000 woment with knowledge for domestic unemployment. Library serive demonstration projects was funded for new library areas. Merritt Parkway many unique bridges were constructed. THe WPA was constuction jobs plus a whole lot more. It was very successful. It consructed almost every US community. Built over 130 hospitals. Supplied hundreds of unemployed people with jobs. Gave many people places to live, clothes to wear, and food to eat. It ended in 1941 because people were to busy preparing for WWII. Projects that were orgaznied by it ended shortly after it did.
National Labor Relations Act:
(Under Labor Relations) Created to protect the rights of employees and employers. IT was made to stop specific labor and management practices that are able to harm welfare of the workers, the US economy, and businesess. Stops emolyers from interfering with labor unions. Employers could spy on discharge and disipline or bliachlist employers before this act was created. Also known as the Wagner Act. National Labor Relations Board was created to make sure the NLRAs provisions are being follower properly. Organizes labor unions. Helps to prevent unfair bussiness practices. Safeguarads employees rights. Takes care of other issues that are related to the NLRA. It was very successful and still is today. Three new programs were created from this act.
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