Roosevelt's New Deal Policies

three main goal so FDR’s New Deal policies

relief for jobless, economic recovery, prevention of future depressions

bank holiday

closed all banks, froze money; government investigated all banks and allowed only those that were sound to reopen

Civilian Conservation Corps (CCC)

provided jobs for young men in rural areas under direction of U.S. army; built public parks and dams, cut fire trails, planted trees, helped with flood control, reclaimed ruined land, drained swaps, helped with conservation

Civil Works Administration (CWA)

gave money to states to build 225,000 miles of roads, 30,000 schools, 3,700 playing fields/athletic grounds

Farm Credit Association (FCA)

helped 40% of mortgaged farms by providing low-interest (2.25%/year) loans

Federal Emergency Relief Association (FERA)

gave direct monetary relief as aid to states and towns for distribution to needy; distributed $3 billion in relief to 8 million families (1/8 of U.S. population)

Works Progress Administration (WPA)

put men to work on jobs of public usefulness; 5,900 schools built/repaired, parks/playgrounds/pools built, roads/streets/sewage plants built, 1,000 airfields laid out, 2,500 hospitals built, had federal arts projects (continued dramas, concerts, writing, murals & sculptures)

National Youth Administration (NYA)

helped keep youth in school; 500,000 helped in colleges, 600,000 helped in high schools provided with jobs

Federal Housing Act (FHA)

helped repair, build and insure older homes

Federal Deposit Insurance Corporation (FDIC)

insured savings of bank depositors and monitored soundness of insured banking institutions

Securities and Exchange Commission (SEC)

regulated stock/bond trading; regulated exchanges where stocks/bonds sold; legislated requirements for disclosure of fair stock information

Social Security

federal program providing a safety net for the elderly, unemployed, and those with disabilities. It was designed to provide financial assistance to retirees based on their lifetime payroll tax contributions - financed by FICA taxes paid by employee, matched by employer and federal government

Tennessee Valley Authority (TVA)

helped bring electricity to "rural pockets of poverty" that couldn't afford lines

Emergency Banking Relief Act

provided more careful government regulation of banks

National Recovery Administration (NRA)

aimed to keep prices stable while boosting employment and buying power

Public Works Administration (PWA)

granted more than $3 billion to improve infrastructure

Truth-in-Securities Act

required corporations to inform the public fully about their stocks

Federal Power Commission (FPC)

helped control the oil and gas industries