Ap History

Bank Holiday

Bank Holiday

Roosevelt's idea for closing the banks was because the banks were struggling.

Emergency Banking Relief Act

invested the president with the power to regulate banking transactions and foreign exchange and reopen solvent banks. Provides additional printed currency.

Civilian Conservation Corp

proved to possibly be the most popular out of the New Deal “alphabetical agencies”. This law also provided employment in fresh-air government camps for about 3 million uniformed young men.

Federal Emergency Relief Act

the main goal was immediate relief rather than long-range recovery. This also resulted in the Federal Emergency Relief Administration. Government money that goes to the states then helps the unemployed, 3 billion.

Agricultural Adjustment Act

designed to raise agricultural prices by paying farmers not to farm. This was based on the assumption that higher prices would increase farmers’ purchasing power, so it would help alleviate the Great Depression.

Tennessee Valley Authority

discovered precisely how much production and distribution of electricity cost, so that a “yardstick” could be set up to test the fairness of rates charged by private companies. Brought electricety to the south , came from hydroelectricity

Home Owners Loan Corporation

this was designed to refinance mortgages on nonfarm homes, it helped about a million badly pinched households.

National Industrial Recovery Act

designed to assist industry, labor, and the unemployed through centralized planning mechanisms that monitored workers’ earnings and working hours to distribute work and established codes for “fair competition” to ensure that similar procedures were followed by all firms in any particular industrial sector. PWA & NRA came from this. NRA over stepted the bounders of athourty and was unconstitutional.

Glass-Stegall Banking Reform Act

provided for the Federal Deposit Insurance Corporation, this insured individual deposits up to $5,000. This also created the Federal Deposit Insurance Corporation.

Civil Works Administration

designed to put jobless Americans back to work and to use them on beneficial public projects. More specifically, the CWA was designed to be a short-lived program to help jobless Americans get through the dire winter. Provided temporary jobs to people during the winter.

Securities and Exchanges Commission

designed as a watchdog administration agency. Stock markets henceforth were to operate more as trading marts and less as gambling casinos. Regulates the stock market.

Federal Housing Administration

the building industry was to be stimulated by small loans to householders, both for improving their dwellings and for completing new ones. Also proved to be one of the few “alphabetical agencies” to outlast the age of Roosevelt.  Loans to purchase homes

Works Progress Administration

designed to provide relief for the unemployed by providing jobs and income for millions of Americans. It created millions of jobs on public-works projects. Workers built highways and public buildings, dredged rivers and harbors, and promoted soil and water conservation. Infrastructure

(Wagner) National Labor Relations Act

purposes and reasserted the right of labor to engage in self-organization and to bargain collectively through representatives of its own choice. Provides employees the freedom to form unions

Social Security Act

one of the most complicated and far-reaching laws ever to pass congress. This helped to cushion future depressions, and the measure provided for federal-state unemployment insurance. And provides security for old age, specified categories of retired workers were to receive regular payments that ranged from $10-$85 a month.

Fair Labor Standards Act

industries involved in inter were set up minimum wage and maximum hour levels. The goals for this were forty cents an hour and a forty-hour week.