History Quiz - 23-1, 23-5

Federal Securities Act

• regulate securities industry

• requires stock selling companies to publicize information about their financial health, description of the security being sold, ect.

Glass-Steagall banking Act

• separated commercial banking from investment banking and created the federal deposit insurance company

Tennessee Valley Authority

harnessed water power to generate electrical power and prevent floods throughout much of the southeast

Civilian Conservation Corps

gave young men jobs working on road building and construction projects

Agricultural Adjustment Act

• paid farmers to lower productions

• wanted to raise crop prices and create farm income

• was later declared unconstitutional

Emergency Banking Relief Act

• authorized the treasury dept to inspect and close bans if necessary

• goal was to restore confidence in banks

National Industrial Recovery Act

• provided money to create hobs

• set prices and established labor standards

• goal was to ensure fair business practices were being used and promote industrial growth

Federal Emergency Relief Act

• gave $500 million to provide direct relief for the most needy

• goal was to provide for the basic needs of the people hit hardest by the depression

Social Security Act

• provides financial assistance to eligible citizens (old-age insurance)

Securities and Exchange Commission

• monitors the stock market

• goal was to restore public confidence in the stock market and prevent further crashes

Federal Deposit Insurance Corporation

• ensures individual banking accounts up to $100,000

National Labor Relations Board

• mediate labor disputes

Parity

the state of being equal

Federal Deficit

the difference between the money the gov. takes in and what it spends each year