New Deal Quiz

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14 Terms

1
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Emergency Banking Relief Act

Enacted in 1933, it aimed to stabilize the banking system during the Great Depression by allowing the Treasury Department to inspect and assist banks, leading to the reopening of sound banks and closure of insolvent ones.

2
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Glass-Steagall Banking Reform Act

Passed in 1933, it established the FDIC to protect bank deposits, limited risky bank speculation, and separated commercial and investment banking activities.

3
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Civilian Conservation Corps (CCC)

Created in 1933, it employed young single males in conservation projects, providing them with work, food, uniforms, and sending part of their earnings to their families.

4
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Federal Emergency Relief Administration (FERA)

Established in 1933, it provided financial aid to states to support the unemployed, elderly, and sick through direct relief and wages for federal work projects.

5
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Home Owners’ Loan Corporation (HOLC)

Formed in 1933, it assisted struggling nonfarm homeowners and banks by enabling homeowners to refinance their mortgages.

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Works Progress Administration (WPA)

Launched in 1935, it aimed to create jobs through public works projects, employing millions and funding various infrastructure and arts initiatives.

7
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National Recovery Administration (NRA)

Established in 1933, it set industry codes to promote fair practices, limit production, and improve labor conditions, but was later declared unconstitutional.

8
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Public Works Administration (PWA)

Created in 1933, it funded major construction projects to stimulate the economy and create jobs during the Great Depression.

9
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Agriculture Adjustment Act (AAA)

Enacted in 1933, it aimed to reduce oversupply in farming by paying farmers to reduce production, funded by taxes on agricultural processors.

10
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Securities & Exchange Commission (SEC)

Formed in 1934, it regulated stock trading to prevent fraud and manipulation, with Joseph Kennedy overseeing its operations.

11
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Tennessee Valley Authority (TVA)

Formed in 1933, this program coordinated economic development in a specific region, bringing great development.

12
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Social Security Act

Passed in 1935, provided a pension plan for retired individuals not based on financial aid.

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National Labor Relations Act (Wagner Act)

Passed in 1935, forced businesses to bargain with workers, protected unions, and set up the National Labor Relations Board to oversee violations.

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Fair Labor Standards Act (Wages and Hours Bill)

Passed in 1938, established the first national minimum wage and maximum weekly work hours.