U11- The Great Depression (NEW DEAL PROGRAMS)

Social Security (SS)

FEDERAL PROGRAM, established in 1935 by the SOCIAL SECURITY ACT.

3 PARTS:

OLD-AGE Pension

UNEMPLOYMENT COMPENSATION

Aid to Families with DEPENDENT CHILDREN and DISABLED (Welfare)

Federal Securities Act

(ACT) which REQUIRED STOCK INFORMATION to be both ACURATE AND TRUTHFUL

Tennesse Valley Authority (TVA)

FEDERALLY-OWNED Cooperation established in 1933 as part of FDR’s NEW DEAL.

Focused on DIRECT RELIEF TO HARD HIT AREAS and created AMBITIOUS DAM PROJECTS

Works Progess Administration (WPA)

NEW DEAL AGENCY created in 1933 by FDR.

Provided JONS TO MILLIONS OF UNEMPLOYED AMERICANS during the GD through PUBLIC WORK PROJECTS and OTHER PROGRAMS

Federal Deposit Insurace Cooperation (FDIC)

AKA Glass-Steagall Act

GOV. AGENCY created in 1933 during the GD.

INSURED ACCOUNT HOLDERS up to $5000 and SET STRICT STANDARDS FOR BANKS to follow (today = $100,000)

Civillian Conservation Corp. (CCC)

NEW DEAL PROGRAM established by FDR in 1933.

Provided JOBS FOR UNEMPLOYED, UNMARRIED YOUNG MEN (ages 18-25) to BUILD STRUCTURES AND HELP REPLANT; roads, parks, planting trees, 200 millions trees in DUST BOWL area.

by 1942 three million men worked for the program

National Recovery Administration (NRA)

NEW DEAL AGENCY from 1922.

Aimed to END THE GD BY REGULATIN INDUSTRY THROUGH “CODES OF FAIR COMPETITION,”

Codes set MIN WAGES, MAX HOURS, AND PROD. LEVELS, Plus GARUNTEED WORKERS THE RIGHT TO COLLECTIVE BARGIN.

Agricultural Adjustment Act (AAA)

NEW DEAL PROGRAM established in 1933 by FDR.

RAISED CROP PRICES by LOWERING PRODUCTION

Essentially, PAID FARMERS to REDUCE CROP Production; however, it LATER became UNCONSTITUTIONAL in 1936.

National Labor Relations Act (NLRA)

AKA WAGNER ACT;

GARUNTEED EMPLOYEES the right to SELF-Govern, Form, Assist labor AND BARGAIN COLLECTIVELY

This act sought to FOSTER INDUSTRIAL PEACE and ECONOMIC STABILITY

Securities and exchange commission (SEC)

ACT which RESTORED CONFIDENCE IN THE U.S FINANCIAL MARKETS after the 1929 stock market crash and great depression

Federal emergency relief administration (FERA)

Provided $500 million worth of DIRECT FINANCIAL RELIEF and WORK RELEIF to millions of UNEMPLOYED and IMPOVERISHED AMERICANS

Public works administration (PWA)

PART OF THE NIRA (National Industrial Recovery Act)

Provided MONEY TO STATES to CONSTRUCT SCHOOLS AND COMMUNITY BUILDINGS

Civil works administration (CWA)

Helped to BUILD 40,000 SCHOOLS and provided SSALERIES FOR 50,000 TEACHERS within Rural America

Also built 500,000 MILES OF ROADS

Federal Housing Administration (FHA)

Provided HOME LOANS, MORTGAGES AND REPAIRS for housing

National Youth Administration (NYA)

Created to PROVIDE EDUCATION, JOBS AND RECREATION FOR YOUNG PEOPLE

Got young people off the streets and into schools or jobs which was a high priority for the program

FDIC legacy

Banking INSURANCE critical to sound economy

Deficit spending

“NORM” feature within the government;

Gov spends more money than collects in revvenue

Social Security

KEY LEGACY IN NEW DEAL;

Feds have ASSUMED GREATER RESPONSIBILITY for the SOCIAL WELFARE of citizens since 1935