Alphabet Agencies
AAA (Agricultural Adjustment Act)
Addressed overproduction in farming, which was driving prices down
Paid farmers subsidies to reduce crop and livestock production
Encouraged farmers to perform sustainable farming
Criticized for screwing over tenant farmers and sharecroppers
NRA (National Recovery Administration)
Designed to stabilize the economy by promoting fair wages, prices, and working conditions
Established industry codes to set minimum wages, maximum work hours, and fair competition practices
Declared unconstitutional by the Supreme Court in 1935
NYA (National Youth Administration)
Provided work and education opportunities for young people
Offered part-time jobs to students so they could afford to stay in school
Trained unemployed youth in vocational skills
TVA (Tennessee Valley Authority)
Addressed poverty and underdevelopment in the Tennessee Valley region
Built dams to control flooding and generate hydroelectric power
Created jobs and improved infrastructure in rural areas
HOLC-FHA (Home Owners’ Loan Corporation / Federal Housing Administration)
HOLC (1933)
Provided loans to homeowners to prevent foreclosures
Helped refinance mortgages at lower interest rates
FHA (1934)
Insured loans for home construction and repairs
Made homeownership more accessible by reducing down payments
PWA (Public Works Administration)
Fund large-scale public infrastructure projects to create jobs and stimulate the economy
Schools, hospitals, bridges, dams (e.g., Hoover Dam), and highways
Provided jobs and improved infrastructure across the country
IRA (Indian Reorganization Act)
Reverse the assimilation policies of the Dawes Act and restore Native American sovereignty
Ended the allotment of tribal lands
Promoted self-government and cultural preservation
Strengthened Native American autonomy and culture
CCC (Civilian Conservation Corps)
program hiring young men to plant trees and manage conservation efforts, most of the paycheck sent home to families
RFC (Reconstruction Finance Corporation)
Provided financial support to state and local governments.
Gave loans to banks, railroads, and other businesses.
Helped fund New Deal programs by providing capital.
WPA (Works Progress Administration)
Part of the Second New Deal, the largest works project.
Provided millions of jobs, ranging from construction to artistic projects.
Funded public buildings, roads, and bridges.
CWA (Civil Works Administration)
Temporary work program (only lasted about a year).
Hired people for construction projects like roads, schools, and parks.
REA (Rural Electrification Administration)
Focused on bringing electricity to rural communities.
Improved quality of life and farming productivity.
FCA (Farm Credit Administration)
Offered low-interest loans to struggling farmers.
Helped many farmers avoid foreclosure during the Depression.
SEC (Securities and Exchange Commission)
Oversaw and regulated the stock market.
Designed to restore investor confidence and prevent future financial crises.
FDIC (Federal Deposit Insurance Corporation)
Guaranteed bank deposits up to a certain amount.
Aimed to restore public confidence in the banking system.