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