FDR new-deal
Farm credit act (June 16, 1933) Cause: prices of food produced by farms was very low because of overproduction, farmers couldn’t pay their mortgages Solution: Created centralized farm credit service refinanced 20% of all farm mortgages so monthly payments went down Success: somewhat successful. Was criticized because it didn’t do enough to help farmers Civilian Conservation Corps (March 31, 1933) Cause: a decent portion of the population was unemployed men. environment wasn’t taken care of during GD Solution: provide young men with meals, housing, workwear and medical care for working in the national forests Success: Yes (Considered one of the most successful). Criticized by those who opposed organized labor and trade unions Federal Emergency Relief Act; FERA (May 12, 1933) Cause: businesses laying off employees Solution: 500 million dollars distributed to states to be used for relief programs Success: Yes. Criticized by capitalists for competing with private markets Tennessee Valley Authority (May 18, 1933) Cause: FDR wanted sustainable series of dams put into place to produce electricity Solution: the TVA built dams that provide business and homes with electricity, created jobs Success: Yes, still around today Works Progress Administration (April 8, 1935) Cause: 25% unemployment, people didn’t have many to spend Solution: Administration provided jobs for the unemployed Americans across the US by providing them public work projects Success: extremely successful | Emergency Banking Act (March 9,1933) Cause: banks had no money to give to the people Solution: provided for the reopening of the banks as soon as examiners had found them to be financially secure Gain the trust of Americans Success: Yes. Not around today however led to government FDIC Agricultural Adjustment Act (May 12, 1933) Cause: georgia farmers faced decreasing yield of cotton crops Solution: if farmers plant a limited number of crops they receive a federal subsidy. Reduced supply = raises prices Success: yes however subsidies went to landowners not the sharecroppers UNCONSTITUTIONAL Civilian Conservation Corps (March 31, 1933) National Industrial Recovery Act (June 16, 1933) Cause: American factories decreased their production by 40% Solution: attempted to make structural changes in the industrial secretor of the economy blue eagle symbol = cooperating with NIRA Success: yes however it was later ruled UNCONSTITUTIONAL Public Work Administration (June 30, 1933) Cause: tried to relieve the unemployed, fix unstable purchase power and fix corrupt public welfare Solution: provided the federal government with its first systematic network for the distribution of funds to localities Success: partially successful, met many goals such as opening Dams, Bridges, Hospitals and schools Tennessee Valley Authority (May 18, 1933) Cause: FDR wanted sustainable series of dams put into place to produce electricity Solution: the TVA built dams that provide business and homes with electricity, created jobs Success: Yes, still around today Wagner Act (July 5, 1935) Cause: workers and unions rights needed to be reaffirmed. Prices, wages and hours needed to be fixed Solution: helped labor to organize reduce the need for strikes allowed workers to unionize. response to NIRA Success: very successful, criticized by republicans and big business men who wanted to control workers. Still around today | Emergency Banking Act (March 9,1933) Truth in Securities Act (May 27, 1933) Cause: fraud in the purchases of securities (Stock) Solution: required companies to make registration statement with accurate information about the securities Success: Yes, Became Securities and Exchange commission (SEC)
Glass Steagall Act (June 16, 1933) Cause: decrease in banks Solution: separated banks and security firms. created Federal deposit insurance corporation Success: yes, helped calm peoples fears. Not around today Social Security Act (August 14, 1935) Cause: the unemployed and elderly didn’t have insurance Solution: established the federal old age benefits. general welfare. created relief from the financial effects of the GD Success: VERY Successful, helped to prevent future depressions. Greatly opposed by republicans. Still around today and is widely popular |