Chapter 15

Emergency Banking Relief Act EBRA

Banks were inspected by treasury department and those stable could reopen

Federal Housing Administration FHA

Insured loans for building and repairing homes

Agricultural Adjustment Act AAA

Sought to raise crop prices by lowering production, which the government achieved by paying farmers to leave a certain amount of every acre of land unseeded.

Federal Deposit Insurance Corporation FDIC

Protected bank deposits up to $5,000 (today $100,000)

New Deal

A phase taken from a campaign speech in which FDR promised "a new deal for the american people." Focused on 3 goals: releif for thr needy, economic recovery, and finacial reform

National Labor Relations Board (Wagner Act)

Defined unfair labor practices and established the National Labor Relations Board (NLRB) to settle disputes between employers and employees

Tennessee Valley Authority TVA

Developed resources of the Tennessee valley

National Recovery Administration NRA

Established codes for unfair competition

Glass-Steagall Act

Established the Federal Deposit Insurance Corporation (FDIC). The FDIC provided federal insurance for individual bank accounts of up to $5,000, reassuring customers it was safe. It also requires banks to act cautiously with their customers' money.

Rural Electrification Administration REA

Financed and worked with electrical cooperatives to bring electricity to isolated areas

Works Progress Administration WPA

Headed by Harry Hopkins, set out to create as many jobs as possible as quickly as possible

Federal Emergency Relief Administration FERA

Helped states to provide aid for the unemployed

Social Security Administration SSA

Provided a pension for retired workers and their spouses and aided people with disabilities

Rural Electrification Administration REA

Provided affordable electricity for isolated rural areas

National Industrial Recovery Act NIRA

Provided money to states to create jobs in the construction of schools and other community buildings

Civilian Conservation Corps CCC

Put young men aged 18 to 25 to work building roads, developing parks, planting trees, and helping in soil erosion and flood control projects.

Federal Securities Act

Required corporations to provide complete information on all stock offerings and made them liable for any misrepresentations

Deficit spending

Spending more money than the government receives in revenue

Securities and Exchange Commission SEC

Supervised the stock market and eliminated dishonest practices