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Published byAbner Gibson Modified over 8 years ago
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New Deal Programs The Complexity of Alphabet Soup
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AAA Agricultural Adjustment Act 1933 Raise Farm Prices -Reduce Production -Prevent Surpluses
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AAA -farmers paid for not cultivating 25-50% of land -eliminated unnecessary livestock -income rose 50% by 1936 (excluded tenant farmers and sharecroppers) -declared unconstitutional in 1936 (agriculture was an intrastate activity and not subject to federal regulations)
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CCC Civilian Conservation Corp 1933 Employ Young Men -reforestation and conservation tasks -employed 250K 18 to 25 years old -earned $30 a month
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CWA Civil Works Administration 1933 Provide Public Works Jobs -employed 4 million -earned $15 a week
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TVA Tennessee Valley Authority 1933 Built Dams to Prevent Flooding and Sell Electricity -involved seven states that included: Tennessee, Kentucky, Virginia, Mississippi, Alabama, Georgia and North Carolina
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NIRA National Industrial Recovery Act 1933 Speed Up Business Recovery -Established Fair Codes of Competition -Provide Minimum Wages -Permit Collective Bargaining -declared unconstitutional in 1935
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FERA Federal Emergency Relief Act 1933 Distributed direct financial aid to unemployed workers
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FDIC Federal Deposit Insurance Corporation 1933 Insured Bank Deposits to Prevent Bank Failures -protected deposits up to $2500 (later increased to $5K)
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PWA Public Works Administration 1933 Received over $3 Billion for Public Works Projects -employed hundreds of thousands of people -projects focused on hydroelectric power, sewage plants and flood control -involved in building schools, bridges and parks
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HOLC Home Owner’s Loan Corporation 1933 Provided Mortgage Loans -provided loans to homeowner’s facing foreclosure
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SEC Securities and Exchange Commission 1934 Regulated Stock Market -restricted buying on margin
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SSA Social Security Act 1935 Combat Economic Insecurity Due to Unemployment and Old Age -provides pensions, unemployment insurance, aid to blind, deaf, disabled and dependent children ($10-85) -payroll tax on employers
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NLRA National Labor Relations Act NLRB (Wagner Act) 1935 Prohibited Employers From Committing Unfair Labor Practices -replaced NIRA -allowed workers to join unions -outlawed union busting tactics (no blacklists, no spies, etc.)
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NYA National Youth Administration 1935 Provided Part-time Employment for College and H.S. students -employed millions of students
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REA Rural Electrification Administration 1935 Encouraged Farmers to Join Cooperatives To Bring Electricity to Farms
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WPA Works Progress Administration 1935 Provided Work to Those in the Arts and Theater -employs over 2 million -constructed schools, parks, bridges, roads and hospitals
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FLSA Fair Labor Standards Act 1938 Establishes Minimum Wages and Maximum Hours
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