Relief, Recovery, or Reform

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Federal Emergency Relief Association (FERA): gave direct relief in the form of money as aid to states and localities for distribution to needy

Relief

Homeowners' Loan Corporation (HOLC): lowered mortgages to stop foreclosures

Relief

Public Works Administration (PWA): loans to private ndustry to build public works such as dams, ports, bridges, sewage plants, government buildings, power plants, airports, hospitals, and other useful projects

Relief

Abandonment of Gold Standard: executive order by FDR making it easier for money to get into circulation; Reconstruction Finance Corporation set new value of gold

Recovery

Agricultural Adjustment Act (AAA): limited farm production to help raise prices; paid for by taxing food processors

Recovery

Federal Housing Act (FHA): helped repair, rebuild, and insure older homes

Recovery

Federal Securities Act (FSA): allowed government to investigate stock markets

Recovery

National Industrial Recovery Act (NIRA): created the National Recovery Administration (NRA) which administered process for devising industry-wide codes of fair business practices

Recovery

National Youth Administration (NYA): helped keep youths in school with 500,000 helped in colleges and 600,000 in high schools provided with jobs

Recovery

Works Progress Administration (WPA): established to put men to work on jobs of public usefulness (schoolhouses, parks, playgrounds, pools, roads, sewage plants, airfields, and hospitals)

Recovery

Fair Labor Standards Act (FLSA): set minimum wages and maximum working hours

Reform

Federal Deposit Insurance Corporation (FDIC): insured savings of bank depositors and monitored soundness of insured banking institutions

Reform

Federal Savings & Loan Insurance Corporation (FSLIC): insured savings of depositors in savings & loan institutions and monitored soundness of insured S&Ls

Reform

Glass/Steagall Act: gave government power to investigate banking conditions, vested greater regulatory powers in Federal Reserve Board

Reform

Securities and Exchange Commission (SEC): regulated stock and bond trading; regulated exchanges where stocks and bonds are sold, and legislated requirements for disclosure of fair stock information

Reform

Social Security: provided for unemployed, aged, dependent, and handcapped

Reform

Tennessee Valley Authority (TVA) and Rural Electrification Authority (REA): helped to bring electricity to rural "pockets of poverty" that could not afford lines

Reform

Wagner Act: created National Labor Relations Board (NLRB) which reaffirmed labor's rights to bargain for wages, ours, and working conditions, to strike, and to arbitration of grivances

Reform

Bank Holiday: closed all banks; government then investigated banks and only those that were sound were allowed to reopen

Relief

Civil Works Administration (CWA): money to states to build 225,000 miles of roads, 30,000 schools, and 3,700 playing fields and athletic grounds

Relief

Civilian Conservation Corps (CCC): provided jobs and relocation for young men (18-25) in rural settings under direction of US Army; built public parks, cut fire trails, planted trees, built small dams, helped with flood control, reclaimed ruined land, drained swamps, and helped with conservation

Relief

Farm Credit Association (FCA): helped the 40% of farms that were mortgaged by providing low-interest loans through a Federal Land Bank for 50-year terms

Relief


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