Tuesday Feb. 8

National Youth Administration

Helped teengers and college students between the ages of 16 to 15 get jobs while still being able to continue the education at the same time.

Started in 1935. Every month students were paid 6 to 40 dollars for working full time.

Elenor Roosevelt helped to get it started. Also helped establish work for 2.5 million people that were not in school or didn't hve jobs.

 

The Fair Labor Standards Act

Bill designed to limit maximum amount ofhours people could work and how much they could be paid. Also restricted age. Set maximum hours kids under 16 could work. However if the kid was working for a parent they didnt have to follow these guidlines.

 

Emergency Bank Recovery Administrations

Started in 1933. Government can close and rebuild banks. Gave president control over finance. Banks can't g in the stock market. Allowed banks to disown debt and reduce interest rates to 1%

 

Social Security Act

Passed in 1935, gave assistance to elderly, disabled, and unemployed. If husband leaves or dies it assists women and chidren. Came out of payroll taxes. Still around today, covers over 40 million people. Takes up about 1/4 of federal budget.

 

Federal Securities Act

Congess questioned stock market security after the crash andthey wanted to make it stable so people would put money back in. Made businesses complete info about the stocks so the business would be responsible for misrepresentation. Made rules for businesses in the stock market. Businesses had to regster with the Securities and Exchnge commission. Successful and still around today.

 

Indian Reorganization Act

Let Indians have a constitution, didn't allow counsel to mke big decisions without tribe majority vote. Gave back land lost in the Dawes act. Native americans can form corporations and businesses and  get educations.

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