Franklin D. Roosevelt’s solution to the Great Depression: N.E.W. D.E.A.L. Chapter 3: FDR and the New Deal

N.  The National Recovery Administration (NRA) was created by NIRA  The NRA set prices and wage controls throughout the economy, but needed draconian methods to enforce its codes  The Supreme Court ruled in 1935 that the NRA was unconstitutional National Industrial Recovery Act (NIRA) Chapter 3: FDR and the New Deal

E.  The Social Security Act was created to give pensions to the elderly  Money to fund the program is paid through the FICA payroll tax on all workers Enacts Social Security Act (SS) Chapter 3: FDR and the New Deal

W.  The WPA provided jobs and income to the unemployed  Roads and public buildings were the main projects of the WPA Works Progress Adm. (WPA) Chapter 3: FDR and the New Deal

D.  The Federal Deposit Insurance Corporation insures savings deposits in banks  Was a response to bank failures of the Great Depression Deposits Protected (FDIC) Chapter 3: FDR and the New Deal

E.  The PWA was created to spend “big bucks on big projects”  Notable projects include Overseas Highway in the Florida Keys, Grand Coulee Dam, and Triborough Bridge, New York Erects Public Works Adm. (PWA) Chapter 3: FDR and the New Deal

A.  The purpose of the AAA was to pay (subsidize) farmers to reduce crop area  If crop production dropped then food prices would rise and develop stability for farmers again Agricultural Adjustment Adm. (AAA) Chapter 3: FDR and the New Deal

L.  The CCC was a work relief program for young men from unemployed families  The CCC set up camps run by the Army where the young men lived  Participants worked on projects such as constructing logging and fire roads and trails in city, state, and national parks Launched Civilian Conservation Corps (CCC) Chapter 3: FDR and the New Deal