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Economy Act – reduces federal salaries to reduce deficit

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Presentation on theme: "Economy Act – reduces federal salaries to reduce deficit"— Presentation transcript:

1 Economy Act – reduces federal salaries to reduce deficit
Banking/Finance Emergency Banking Act – shuts down all banks, re-organizes & reinforces them, then reopens them (Bank Holiday) Economy Act – reduces federal salaries to reduce deficit Federal Securities Act – sets up SEC (Securities and Exchange Commission) to regulate stock market, prevent reckless trading Banking Act of 1933 – sets up FDIC to insure bank deposits up to $2500 Banking Act of 1935 – FDIC covers up to $5000 in bank deposits (restore faith in banks) Gold Reserve act – crime to possess or trade in gold – gov’t buys up all gold, then melts it US essentially abandons gold standard once and for all

2 Revenue Act – raises taxes substantially on upper income brackets
Financial Relief Revenue Act – raises taxes substantially on upper income brackets Social Security Act – provides assistance for retirees, unemployed, families w/ dependant children, handicapped

3 Industry & Labor National Industrial Recovery Act – creates NRA to regulate industries & set labor standards Declared unconstitutional by SC, replaced by several programs Fair Labor Standards Act – sets fed. Minimum wage, 40-hr work weeks, overtime pay, ends most child labor National Labor Relations Act (aka Wagner Act) – protects rights of unions to organize, collective bargaining, and use of strikes Sets up NLRB for arbitration – pro-union

4 CCC – provides jobs for over ½ million Americans
Employment CCC – provides jobs for over ½ million Americans Construction jobs in rural areas Planted trees, forestry projects, etc. WPA – jobs in construction, arts, media Employed over 3 million (largest employer in US) TVA – built dams, provided irrigation, hydroelectric power in South Also programs to modernize southern industry Civil Works Admin. – temporary jobs to unemployed, mostly construction NYA – work-study programs, part-time job training for teens/young adults PWA – large scale construction projects

5 Agriculture AAA – raise agri. prices by reducing supply
Subsidies to farmers Declared unconst., but replaced by another AAA in 1938 Farm Credit Act – helps farmers refinance at low rates Federal Farm Bankruptcy Act – limits ability of banks to repossess farms Taylor Grazing act – fed. Gov’t can regulate grazing to protect against overuse of land Soil Conservation & Domestic Allotment Act – same as AAA FCIC – Federal Crop Insurance Corp. – like FDIC for farmers – insures crops & livestock Farm Security Admin. – educ./econ. Programs for struggling farmers

6 Home Owners Loan Act – helps people get loans to buy homes
Housing Home Owners Refinance Act – helps homeowners refinance, avoid foreclosure Home Owners Loan Act – helps people get loans to buy homes National Housing Act – gov’t standards for home-building, promotes mortgage loans Resettlement Admin. – relocates struggling urban/rural families to planned communities Helps tenant farmers, sharecroppers

7 Arts Federal Art Project – commissions artists to make murals, paintings, posters in schools, hospitals, libraries Federal Writer’s Project – commissions writers to make accounts of American folklore Federal Theater Project – commissions dramatists/actors to put on stage production All these designed to put $$ into economy, but also create artistic diversions from misery of depression All these were under the WPA They made the posters for the agencies

8 Various things Communications Act – sets up FCC to regulate broadcasting Also generates revenue by requiring radio (and later TV) stations to pay licensing fee Public Utilities Holding Company act – federal regulation of public utilities, esp. electricity Rural Electrification admin. – to bring elec. Power to rural areas Bankhead Jones Act – more funding for land-grant colleges Also allows fed gov’t to take over damaged lands, fix them, use for parks, etc. Repeal of Prohibition (21st Amend.)


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