New Deal Programs

For the new deal programs mentioned on the study guide. If it has a mistake, you can tell me at school, and I'll fix it.

SEC (Securities and Exchange Commission)

regulates the stock market and make it safer for investors; supports businesses

FDIC (Federal Deposit Insurance Corporation)

insures bank deposits, guaranteeing that depositors money will be safe. gov't supports you up to $250,000; protects banks

SSA (Social Security Act)

1. Pension Plan
2. Get paid if you lose your job
3. Public assistance (help to disabled, elderly poor, and other individuals in vulnerable positions)

AAA (Agricultural Adjustment Act)

Ended overproduction and raised crop prices
Examples: Paid farmers subsidies to cut production, forego planting on their land, plowed under crops and killed livestock (millions of pigs killed); Emergency Relief

CWA (Civil Works Administration)

provided jobs on public works projects
Examples: jobs such as building bridges, roads, repairing infrastructure, etc.; Creates Jobs

CCC (Civilian Conservation Corps)

relief that provided work for young men 18-25 years old in food control, planting, flood work, etc.; Creates Jobs

FCA (Farm Credit Administration)

help farmers refinance mortgages over a longer time at below-market interest rates at regional and national banks; supports businesses

NRA (National Recovery Administration)

developed codes of fair competition to govern whole industries, established things like minimum wages, minimum prices for goods, etc. supports businesses

PWA (Public Works Administration)

new deal agency that provided millions of construction jobs, creates jobs

FERA (Federal Emergency Relief Administration)

granted federal funds to state & local agencies to help the unemployed, emergency relief

HOLC (Home Owners Loan Corporation)

loaned money at low interest rates to homeowners who could not make payments, emergency relief

TVA (Tennessee Valley Authority)

built dams in the Tennessee River Valley to control flooding and generate electric power, creates jobs

WPA (Works Progress Administration)

created jobs, started through $5 billion. Built highways, dredged rivers and harbors, and promoted soil and water conservation. provided programs in the arts. employed 8 million people by 1943. Pretty expensive, controversial part, federal number one, coming up.

Federal Number One

project comprised of 5 divisions to employ artists, musicians, actors (theater people), and writers

NLRB (National Labor Relations Board)

board made by the Wagner act to enforce the national labor relations act, protects employees' rights to organize and engage in collective bargaining, and it investigates and remedies unfair labor practices committed by private sector employers and unions

FLSA (Fair Labor Standards Act)

1. Established minimum wage of $0.25/hour
2. 44 hours a week, so hire more by establishing max hours
3. Outlaw Child Labor