New Deal Chart

Emergency Banking Act

• close the banks

• creates the Bank Holiday when banks closed

Federal Deposit Insurance Corporation

• By Glass-Steagall Act

• insures money in banks up to 25k

• relieves panic and anxiety that would force citizens to remove their money from banks in droves

Home Owners Loan Corporation

• “purchased” unpaid mortgages from banks and structured them for borrowers

Fair Housing Administration

• created rules of mortages

  • such as mortage insurance post WWII

  • provided low interest loans to veterans

Securities and Exchanges Commission

• monitors the activities of Wall St.

• regulates and oversees the Stock Market

21st Amendment

repealed prohibition beacuse of a need for government revenue and a need for American alcohol consumption

Agricultural Adjustment Act/Administration

• paying farmers NOT TO FARM

• SCOTUS strikes this down → Congress passes AAA #2

Civilian Conservation Corps

environmental jobs for young men aged 18-25

paid $1/day

updated the National Parks

Tennesse Valley Authority

• built new hydroelectric dams in the TV

  • provided jobs to this end

• gives poor TV and outer regions cheap electricity

• good for industry as well (cheap electricity)

National Recovery Act

• public works (everyday infrastructure bettering): PWA

• civilian works (bringing in arts, communications like radios): CWA

• right to unionize

• min. wages and max. hours

• price max./controls on some core goods

Works Progress Administration

SND

largest New Deal employment program of the SND

• increases jobs for public works, teachers, artists, everything

Fair Labor Standards Act

SND

• restored the federal minimum wage

• outlawed child labor

National Labor Relations Board/Wagner Act

NLRB

• the federal government oversees issues with unions

Social Security Act

• government pension given to unemployed and retired

• payed for with the payroll tax

• creates a safety net and stability

Indian Reorganization Act

• ends the Dawes Severalty Act

• tribes get local self government

• get funds (makes up for the cultural erasure of the past)