New Deal Policies

Glass-Steagall Act

Created the FDIC, and made banks more cautious about spending.

Federal Securities Act

Required corporations to display accurate stock prices and present their welfare truthfully. If not done correctly, the company could be held liable.

Security and Exchange Commission (SEC)

Allowed for government oversight in the stock market, and prevents insider trading/rigging the stock market.

21st Amendment

Repealed the 18th amendment, therefore ending Prohibition.

Agricultural Adjustment Act (AAA)

Raised crop prices by lowering production, with farmers being paid to not seed land and hog farmers killing their pigs. Many were upset by this.

Tennessee Valley Authority (TVA)

Tasked with bringing jobs and tech to impoverished areas in Tennessee, with one major accomplishment being that they renovated 5 dams and created 20 new ones. This investment into dams also helped solve the flooding issue in the area.

Civilian Conservation Corps (CCC)

Hired men 18-25 to build roads, develop parks, plant trees, and overall fight soil erosion. This was important in combating the Dust Bowl. The workers were provided food and lodging, but most of their wages were sent directly to their families.

Public Works Administration (PWA)

Provided money to states for building schools and other community buildings (creating jobs). This wasn't very effective though, so it was replaced by the Civil Works Administration (CWA).

Civil Works Administration (CWA)

As a revised version of the PWA, it provided 4,000,000 immediate jobs in the winter of 1933-1934. these workers build over 40 thousand schools, which in turn hired over 50,000 teachers in rural areas. In addition to that, the workers built approximately 500,000 miles of road.

National Industrial Recovery Act (NIRA)

Law that created a framework to get industrial growth with fair practices. This law was responsible for the PWA/CWA and the NRA.

National Recovery Administration (NRA)

Set prices to ensure fair competition, set standards for working hours, banned child labor, and allowed for unions to form.

Home Owners Loan Corporation

Provided loans for those facing foreclosure, resetting interest rates for many that were struggling.

Federal Housing Administration (FHA)

Created by the National Housing Act; helps insure loans, so that they aren't given out to just anybody, and loaners can be protected.

Federal Emergency Relief Administration (FERA)

Provided $500,000,000 in relief funds for the needy to the states. Half had to go directly to the people, while the other half had to go to work relief programs.

National Youth Administration (NYA)

Provided aid to promote schooling, with financial compensation if a student was in attendance at a school and either job training programs or part time jobs for anyone, even if they dropped out.

Second Agricultural Adjustment Act

The same as the first AAA, but funded from general taxes rather than a discriminatory tax.

Farm Security Administration (FSA)

Hired photographers to take photos of rural America (Migrant Mother), provided $1 bil for tenant farmers to buy land, and created camps for migrant workers.

Works Progress Administration (WPA)

Aimed to create as many jobs as possible, using $11 bil to do so. Additionally, it created 850 airports, funded work for 650k miles of road, created 125k public buildings, funded theater programs and city guides, and female workers sewed 350 mil garments for the needy.

Wagner Act/National Labor Relations Act

Reworked the NRA to become constitutional, protected the right to unionize and collectively bargain, and insured fair practices with the National Labor Relations Board.

Fair Labor Standards Act

Act that set the maximum hours per week at 44 (changed to 40 two years later), set the minimum wage to $25/hr, set rules for work under 16, and banned hazardous work for minors.

Social Security Act

Created pensions, set unemployment benefits, and created aid for dependent children & disabled people.

Rural Electrification Administration (REA)

Provided electricity to rural areas, which helped those areas over time.