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What is the FDIC?
Federal Deposit Insurance Corporation
What is the SEC?
Securities and Exchange Commission
What was the CCC?
Civilian Conservation Corps
What was FERA?
Federal Emergency Relief Act
What was NIRA: PWA?
NIRA: Public Works Administration
What was the WPA?
Works Progress Administration
What was the AAA?
Agricultural Adjustment Administration
What is the TVA?
Tennessee Valley Authority
What was the NIRA: NRA?
National Recovery Administration
What was the NLRA?
National Labor Relations Act (Wagner Act)
What was the FLSA?
Fair Labor Standards Act
What does/did the FDIC do?
It was a part of the Banking Act of 1933/Glass-Steagall Act and insured deposits for up to $2,500 beginning January 1st 1934. This was increased to $5,000 on July 1st, 1934
What did/does the SEC do?
Regulated the stock market by enforcing laws on trading practices
What did/does the CCC do?
It put 2.5 Million young male workers into forest, beach, and mark maintenance projects. They were paid $1 per a day but provided housing, skills, and confidence
What did/does the FERA do?
It gave $500 million to state and local relief agencies, provided relief through work projects or direct cash payments to families in dire need. It got clothes and food to the unemployed, elderly, and ill. This was run by Harry Hopkins.
What did/does PWA do?
It gave $3.3 billion to private construction firms to build dams, hospitals, and schools. This was ran by Secretary of Interior Harold Ickes.
What did/ does the WPA do?
It created as many jobs as possible (artists, photographers, musicians, writers, construction workers, ect.). It also gave states and localities #3.1 billion to provide work for over $20 million people and developed facilities on public lands across the country. Ran by Harry Hopkins.
What did/does the AAA do?
It tried to raise farm prices, use proceeds from a new tax to pay farmers not to raise specific crops and animals prices. Lower production would, in turn, increase prices. It deemed tax unconstitutional.
What did/does the TVA do?
It helped farmers and created jobs by reactivating hydroelectric power in order to provide power, flood control, and other opportunities. Government controlled.
What did/does the NRA do?
Promoted industrial and business recovery. Cooperative agreement by business leaders to establish production limits, prescribe wages, forbid price cutting to cut down on destructive competition. It was deemed constitution because it gave NRA law making power.
What did/does the NLRA do? (Wagner act)
Guarantees basic rights of private employees to organize into trade unions, engage in collective bargaining for better terms and conditions at work and take collective action, including strikes
What did/does the FLSA do?
Banned child labor and created a national minimum wage/max hours