New Deal Acts savvas chapter 5

Securities and Exchange Program (SEC)

regulate stock market, make investments safer

Federal Deposit Insurance Corporation (FDIC)

insured bank deposits up to 5000

Agricultural Adjustment Act (AAA)

Ended overproduction and gave farmers subsidies

Tennessee Valley Authority (TVA)

built dams, planted forests, provided electricity for Tennessee

Homeowners Loan Corp (HOLC)

provided loans at low interest rates to homeowners

Civilian Conservation Corps (CCC)

Roosevelt’s favorite, employed men to replant forests, build trails, dig irrigation ditches, and fight fires

National Recovery Administration (NRA)

developed codes of fair competition, min. wages and prices

Public Works Administration (PWA)

build bridges, dams, power plants, and government buldings

Civil Works Administration (CWA)

provided jobs on public works projects

Federal Housing Administration (FHA)

insured bank loans for building/repairing homes

Federal Emergency Relief Act (FERA)

granted federal funds to state/local gov. to help unemployment

Social Security Act

gave insurance for those who lost their jobs, aid to the poverty-striken, and retirement funds for retirees.

Rural Electrification Administration (REA)

loaned money to electric utilities to build in rural areas

National Labor Relations Act (NLRA) (Wagner Act)

established worker’s right to collective bargaining and to join unions

Fair Labor Standards Act

established minimum wage and maximum workweek, outlawed child labor

Indian Reorganization Act

restored tribal ownership over Native American land

Securities Act of 1933

required companies that sold stocks and bonds to provide truthful info to investors

Glass-Steagal Banking Act

separated commercial and investment banking

Farm Credit Administration (FCA)

helped farmers refinance loans