New Deal

Bank Holiday (1933)

closed banks temporarily to stop panic withdrawals and only stable banks were allowed to reopen

FDIC (Glass-Seagull Act)

insured bank deposits and separated commercial vs investment banking

Securities and Exchange Commission (SEC)

regulates stock market and prevents fraud and insider trading

Farm Credit Administration (FCA)

laons to farmers to prevent foreclosures

Federal Housing Administration (FHA)

loans for homes and made home ownership more affordable

Federal Emergency Relief Administration (FERA)

gave direct money to states for food, jobs, and aid; immediate help for the poor

Public Works Administration (PWA)

funded large construction projects but slow to start

Civilian Conservation Corps (CCC)

Young men outdooirs, planting trees, building parks

Tennessee Valley Authority (TVA)

Electricity, dams, flood control, jobs, modernize poor rural areas

Works Progress Administration (WPA)

biggest New Deal jobs program; built roads, schools, and bridges

Federal Project Number One

part of WPA, supported the arts by including programs for artists/musicians/writers/actors and the government paid people to create art during the Dpression

Federal Writers Project

hired writers to write guidebooks about states and record oral histories

National Recovery Administration (NRA)

set minimum wage, max hours, fair compensation BUT declared unconstitutional in 1935

NLRA (Wagner Act)

protected workers’ rights; right to join unions, right to collective bargaining, created National Labor Relations Board, big win for labor unions

Huey Long

Criticized New Deal for not helping the poor enough; wanted to heavily tax the rich and give the money to the poor

Francis Townsend

proposed _ plan to give $200/month to elderly but they had to spend it within the month in an effort to boost the economy

Social Security Act (1935)

provided old-age pensions, unemployment insurance, aid to disabled and dependent children

Court Packing Plan (1937)

FDR wanted to add more Supreme Court Justices to make court more pro New Deal, seen as abusing power and hurt his reputation