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Relief, Recovery, and Reform New Deal Measures from APUSH Period 7
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Bank Holiday
Closed all banks nationwide; government then investigated banks and only those that were sound were allowed to reopen.
Federal Emergency Relief Association (FERA)
Gave direct relief in the form of money as aid to states and localities for distribution to the needy.
Civil Works Administration (CWA)
Money to states to rebuild 225,000 miles of roads, 30,000 schools, and 3,700 playing fields and athletic grounds.
Public Works Administration (PWA)
Loans to private industry to build public works such as dams, ports, bridges, sewage plants, government buildings, power plants, airports, hospitals, and other useful projects.
Farm Credit Association (FCA)
Helped the 40% of farms that were mortgaged by providing low-interest loans through a Federal Land Bank for 50-year terms.
Civilian Conservation Corps (CCC)
Provided jobs and relocation for young men in rural settings under direction of U.S. Army. Workers built public parks, cut fire trails, planted trees, built small dams, helped with flood control, reclaimed ruined land, drained swamps, and helped with conservation.
Homeowners’ Loan Corporation (HOLC)
Lowered mortgages to stop foreclosures.
Abandonment of Gold Standard
Executive order by Franklin D. Roosevelt making it easier for money to get into circulation.
Federal Securities Act (FSA)
Allowed government to investigate stock market.
Works Progress Administration (WPA)
Established to put men to work on jobs of public usefulness. Had a federal arts projects to provide jobs of cultural usefulness to keep the American arts alive and vigorous.
National Industrial Recovery Act (NIRA)
Created the National Recovery Administration (NRA)
National Recovery Administration (NRA)
Administered process for deivising industry-wide codes of fair business practices.
Agricultural Adjustment Act (AAA)
Limited farm production to help raised prices; paid for by taxing food processors. Declared unconstitutional by Supreme Court in 1936.
National Youth Administration (NYA)
Helped keep youth in school with 500,000 helped in colleges and 600,000 in high schools provided with jobs.
Federal Housing Act (FHA)
Helped repair, rebuild, and insure older homes.
Glass-Steagall Act
Gave government power to investigate banking conditions, vested greater regulatory powers in Federal Reserve Board.
Federal Deposity Insurance Corporation (FDIC)
Insured savings of bank depositors and monitored soundness of insured banking institutions.
Federal Savings and Loan Insurance Corporation (FSLIC)
Insured savings of depositors in savings and loan institutions and monitored soundness of insured savings and loans.
Securities and Exchange Comission (SEC)
Regulated stock and bond trading; regulated exchanges where stocks and bonds are sold, and legislated requirements for disclosure of fair stock information.
Wagner Act
Created the National Labor Relations Board.
National Labor Relations Board (NLRB)
Reaffirmed labor’s rights to brain for wages, hours, and working conditions, to strike, and to arbitration of grievances.
Fair Labor Standards Act (FLSA)
Set minimum wages and maximum working hours.
Tenessee Valley Authority (TVA)
A federally owned corporation established to provide for regional planning, economic development, and electricity generation in the Tennessee Valley.
Rural Electrification Authority (REA)
Provided federal loans and assistance to extend electrical service to rural areas across the United States.
Social Security
Provided for unemployed, aged, dependent, and handicapped. Financed by FICA taxes paid by employee, matched by employer and Federal government.