Today we did our New Deal presentations, again.
Federal Emergency Relief Act- this is known as FERA. This act was passed in May of 1933 and its purpose was to try and get people back onto their feet and was one of the first relief programs. This provided around 20 million dollars for people and started a fund for 500 million dollars for reconstruction. They reconstructed anything that really needed to be reconstructed.
Home Owners Loan Corporation- was established in 1933 and was to refinance peoples homes mortages to prevent foreclosure. Borrowers were required to make a down payment. The Congress did not think that this would be successful but this proved them wrong and was one of the most successful operations.
Public Works Administration- Was used for big projects. Spent several billion dollars just to create jobes for the desperate in need. The PWA funded the construction of more than 34,000
Federal Housing Administration- provided mortage insurance on loans made by FMA approved lenders. It helped finance returning veterans from overseas. It was to provide a good home financing system through mortage loans. The FHA is still around today.
Works Progress Administration- This provided economic relief that would provide food, clothes, and places to live. Its goal was to employ as many americans as physically possible. There was many projects that this did. There was a library service administration, Merritt Parkway, and the household service demonstration. This was very successful overall and provided over 130 hospitals and hundreds of unemployed people with a job. This ended eventually.
NLRA- made to stop specific labor and management practices. This made sure that the provisions were being followed. This took care of other issues related to the NLRA.
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