History New Deal Programs

CCC

Civilian Conservation Corps ; provided young men with conservation and public land jobs ; Relief

BH

Bank Holiday ; temporarily closed all banks so the federal government could inspect them and stop bank runs ; Relief

FC

Fireside Chats ; radio messages used by FDR to calm the public and explain New Deal actions ; Relief

TVA

Tennessee Valley Authority ; brought electricity; flood control; jobs; and modern farming techniques to the Tennessee Valley region ; Recovery

AAA

Agricultural Adjustment Act ; paid farmers subsidies to reduce crop production and raise agricultural prices ; Recovery

SEC

Securities and Exchange Commission ; regulated the stock market and required honest corporate reporting to protect investors ; Reform

FDIC

Federal Deposit Insurance Corporation ; insured bank deposits so people would not lose savings if banks failed ; Reform

NRA

National Recovery Administration ; set fair wages; prices; and business standards to stabilize the economy ; Recovery

OGS

Off the Gold Standard ; ended the dollar’s strict gold backing to allow more flexible monetary policy and increase money supply ; Reform

SSA

Social Security Act ; created pensions for seniors; unemployment insurance; and aid for dependent families ; Reform

FHA

Federal Housing Administration ; encouraged banks to offer home loans by insuring mortgages ; Recovery

REA

Rural Electrification Administration ; brought electricity to rural farms and small towns that private companies ignored ; Recovery

WPA

Works Progress Administration ; created millions of jobs building roads; bridges; schools; murals; and cultural projects ; Relief

Wagner Act

National Labor Relations Act ; protected workers' right to form unions and required employers to negotiate fairly ; Reform