New Deal programs

Emergency Banking Relief Act

Temporarily closed banks to restore public confidence and allowed financially sound banks to reopen. Examined banks finances during the banking holiday

Federal Deposit Insurance Corporation (FDIC)

Guaranteed bank deposits to prevent bank runs and protect savers.

Home Owners Loan Corporation (HOLC)

Provided low-interest loans to help homeowners refinance mortgages and avoid foreclosure.

Farm Credit Administration (FCA)

Offered credit and refinancing to farmers to prevent farm foreclosures.

Federal Emergency Relief Administration

Grants of Fed money to states and

local govs. For relief to jobless.

Harry Hopkins soup kitchens

The Public Works Administration

Money to state and local gov for

roads, bridges, dams, and other

public works. Harold Ickes

Civilian Conservation Corps

Employed young men on projects

on federal lands and paid their

families small sums.

Tennessee Valley Authority

Hired young to work in the

Tennessee Valley to build dams,

operate electric plants.

(NRA) National Recovery Administration

Hugh Johnson; attempted to

guarantee reasonable profits for

business and fair wages.

Later deemed unconstitutional

(Schechter v. US)

Agriculture adjustment act

Encouraged farmers to reduce

production by offering to pay gov

subsidies.

Declared unconstitutional in 1935

Civil Works Administration

Added to the PWA; hired

laborers for temp

construction projects

Securities and Exchange commission (SEC)

Created to oversee the stock

market

Federal Housing Administration

Gave both construction

industry and homeowners

a boost by insuring bank

loans for building new

houses and repairing old

ones.

WPA Work Progress Administration

Spent $11 billion on jobs.

Harry Hopkins; employed about 5-8

million (almost a million projects)

Construction and Art Projects

NYA

Resettlement Administration

Led Rexford Tugwell, the RA provided

loans to sharecroppers, tenants, and

small farmers.

Wagner Act

Protected workers’ rights to unionize and bargain collectively. 1935.

Rural Electrification Act

Brought electricity to rural areas by providing loans to electric cooperatives.

Revenue act of 1935

(wealth tax act) Increased taxes on the wealthy to fund New Deal programs and reduce income inequality.

social security act

Passed in 1935—the act created a

federal insurance program based

on the collection of taxes from

employees and employers

throughout their lives.

Used to make monthly payments

to retired persons over 65.

Unemployed benefits

disability benefits

Dependent children and mothers

fair labor standards act

Final victory for labor of the 1930s

Minimum wage

Max work week

Child labor restrictions to under 16

the glass steagall act

increased regualtion of banks and how banks coudl invest peoples’ money

wheeler howard act 1934

indian reorganization