Alphabet Soup of the New Deal
Civilian Conservation Corps | Relief | Target 18-24 yr old men for jobs that included, park restoration, tree planting etc. Men made $25 dollars a month- men kept 5 and sent 20 home |
Federal Deposit Insurance Corporation | Reform | government agency created during the New Deal that insures bank deposits, guaranteeing that depositors' money will be safe; a federally sponsored corporation that insures your money up to the insurance limit |
Securities and Exchange Commission | Reform | regulate the stock market and make it a safer place for investments |
Agricultural Adjustment Act | Recovery | sought to end overproduction and raise crop prices |
Tennessee Valley Authority | Relief | government agency created during the New Deal to build dams in the Tennessee River valley to control flooding and generate electric power |
Federal Emergercy relief act | Relief | Gave federal funds to the state and local agencies to help the unemployed |
Civil Works Administration | Recovery | Provided jobs for public works projects |
Home Owners Loan Corporation | relif | Loaned money at low interest rates who could not meet mortage payments |
The Federal Housing Administration | reform | Insured bank loans used for building and repairing homes. |
National Recovery Administration | Recovery | developed codes, these codes established minimum wages for workers and minimum prices for the goods that businesses sold; increase the wages of workers so they could buy more goods and raise prices so companies could make a profit. |
Public Work Aministration | Relief | responsible for building many important structures These public-works projects improved the nation’s infrastructure and created millions of new jobs for workers. |
Work Progress Administration | Relief | Built and improved most of the country's highways, provided arts programs for displaced artists, writers and actors. |
Social Security Act | relief/reform | established a pension system for retirees, also established unemployment insurance for workers who lost their jobs |
Rural Electrification Administration | relief | loaned money to electric utilities to build power lines, bringing electricity to isolated rural areas |