Abbr New Deal Defs

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27 Terms

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CCC, provided young men with conservation and public land jobs

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BH, temporarily closed all banks so the government could inspect them and stop bank runs

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FC, radio messages used by FDR to calm the public and explain New Deal actions

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TVA, brought electricity ; flood control ; jobs ; and modernization to the Tennessee Valley

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AAA, paid farmers to reduce crop production in order to raise agricultural prices

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SEC, regulated the stock market and required honest corporate reporting to protect investors

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FDIC, insured bank deposits so people would not lose savings if banks failed

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NRA, set fair wages ; prices ; and business standards to stabilize the economy

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OGS, allowed more control of the money supply by ending strict gold backing

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SSA, created pensions for seniors ; unemployment insurance ; and support for dependent families

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FHA, encouraged banks to offer home loans by insuring mortgages

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REA, expanded electricity to rural farms and small towns ignored by private utilities

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WPA, created millions of jobs building infrastructure ; public buildings ; and cultural projects

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Wagner Act, protected workers' right to form unions and required employers to negotiate fairly