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1933 – 15 Million Americans Unemployed
New Deal Programs 1933 – 15 Million Americans Unemployed
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FIRST HUNDRED DAYS:
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EMERGENCY BANKING RELIEF ACT
Gave the federal govt. the right to regulate banks and rushed money to re-opened banks (after the bank holiday ordered by FDR)
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RELIEF FOR THE HOMELESS
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FERA FEDERAL EMERGENCY RELIEF ADMINISTRATION
Provided federal money for relief projects to the roughly 13 million unemployed
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HOLC HOME OWNERS LOAN CORPORATION
Provided home owners with low cost loans
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PWA PUBLIC WORKS ADMIN. Created jobs by having people build highways, bridges & other public works
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AAA AGRICULTURAL ADJUSTMENT ADMIN. Regulated farm production and
promoted soil conservation (provided subsidies to farmers to produce less to get prices to go up)
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FCA FARM CREDIT ADMINISTRATION Provided low cost farm loans
Still around today:
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TVA TENNESSEE VALLEY AUTHORITY
Planned development of the Tennessee Valley region – created jobs, built 40 dams, provided electricity, and controlled flooding
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CCC CIVILIAN CONSERVATION CORPS
Hired young men to plant trees, build dams, construct parks, and work on other conservation projects
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FDIC FEDERAL DEPOSIT INSURANCE CORP.
Protected the money of depositors in insured banks (up to $100,000)
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NRA NATIONAL RECOVERY ADMIN.
Regulated industry & raised wages & prices
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SECOND NEW DEAL:
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WPA WORKS PROGRESS ADMINISTRATION
Established large scale national works programs to create jobs
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REA RURAL ELECTRIFICATION ADMINISTRATION
Brought electricity to rural area – created jobs
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NYA NATIONAL YOUTH ADMINISTRATION
Set up job programs for young people & helped them continue their education
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NLRB (part of the National Labor Relations Act or Wagner Act)
NATIONAL LABOR RELATIONS BOARD Oversaw labor unions and investigated disputes between management and labor Allowed workers to join unions and allowed collective bargaining
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SSA SOCIAL SECURITY ADMINISTRATION
Provided workers with unemployment insurance & retirement benefits
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