New Deal: Alphabet Soup Agencies

Franklin Delano Roosevelt, or commonly known as FDR, was a role model for future presidents, as his programs to help the people during the Great Depression had made expectations for future presidents to do the same. These were some of the agencies made to make more jobs, regulating banking, and more.

FDR’s Three R’s

Relief: Provide relief to those affected by the Great Depression
Recovery: Make changes that will help the U.S. economy to recover
Reform: Introduce reform measures to protect the future

TVA (Tennessee Valley Authority)

(Relief)
Gov’t sponsored projects to build hydroelectric dams in the southeast (electrification of the south).

CWA (Civilian Works Administration)

(Relief)
Created gov’t projects that built infrastructure, hiring nearly 4 million

CCC (Civilian Conservation Corps)

(Relief)
Hired young men to plant trees and clear lands, working in national parks
Tried to help fix the problem that caused the Dust Bowl, mainly non-sustainable agricultural practices

AAA (Agricultural Adjustment Act)

(Recovery)
Paid farmers to produce less food to recover farm profits
DEEMED UNCONSTITUTIONAL BY SUPREME COURT

NIRA or NRA (National Industrial Recovery Act)

(Recovery)
Gov’t regulation over industries and led to protections of workers (better working conditions, increased wages, etc.)
DEEMED UNCONSTITUTIONAL BY SUPREME COURT

Glass Steagall Act 1933

(Reform)
Separated commercial and investment banking

FDIC (Federal Deposit Insurance Corporation)

Regulations and protections on savings deposits

SEC (Securities Exchange Commission)

(Reform)
Regulation on the trade and sell of stocks

Social Security

Established the Social Security system to provide financial security for:

• Old-age pensions and survivor’s benefits

• Unemployment insurance

• Aid for dependent children (orphans), the blind, the disabled, and seniors (over 65 yrs. old)