APUSH Chapter 24

Agricultural Adjustment Act of 1933

(AAA) Created the Agricultural Adjustment Administration to raise farm income by cutting production in basic commodities.

Civilian Corporation Corporation of 1933

(CCC) employed jobless youths in environmentally friendly government projects such as reforestation, park maintenance, and erosion control.

Committee for Industrial Organization of 1935

(CIO) formed within the American Federation of Labor (AFL) that preached unionization in the work place and welcomed all workers in a particular industry, regardless of race, gender, or skill level.

Fair Labor Standards Act of 1938

(FLSA) banned child labor and set a national minimum wage (initially 40¢ an hour) and a maximum work week of 40 hours.

Reconstruction Finance Corporation of 1932

(RFC) new agency set up by Congress to make loans to banks and other lending institutions. By July of 1932, the RFC had pumped out $1.2 billion into the economy and granted $2 billion to state and local governments for job creating public works programs and allocated $750 million for loans to struggling businesses.

Social Security Act of 1935

proposed by Frances Perkins. This act established a mixed federal-state system of workers' pensions; unemployment insurance; survivor's benefits for victims of industrial accidents; and aid for disabled persons and dependent mothers with children.

National Industry Recovery Act of 1933

Created the National Recovery Administration (NRA) to promote industrial and business recovery; appropriated $3.3 billion to the Public Works Administration (PWA) for major public works projects to provide jobs and stimulate the economy.

National Resources Planning Board

Harold Icke's National Planning Board was renamed the National Resources Planning Board which promoted multi-state water resource planning in the west and facilitated state and regional management of water, soil, timber, and minerals.

Hatch Act of 1939

barred federal employees from electoral campaigning which reflected conservatives suspicions that WPA staff members were doubling as campaign workers.

Federal Securities Act of 1933

required corporations to inform the government fully on all stock offerings. This law also made executives personally liable for any misrepresentation of securities their companies issued. In 1934, Congress created the Securities and Exchange Commission (SEC) to enforce the new regulations.