1. The New Deal Step 1: Regulate banks
Bank Holiday: All banks closed and evaluated
Federal Depositors'’ Insurance Corporation
Insures bank deposits

2. Securities and Exchange Commission
To regulate stock market
Limits buying “on-margin”

3. Civilian Conservation Corp
Jobs with the forestry department working on the environment
African Americans not permitted

4. TENNESSEE VALLEY AUTHORITY (TVA)
Used to promote hydroelectric power, control flooding
Centered on Appalachian Mountains
Helps underdeveloped areas

5. AGRUCULTURAL ADJUSTMENT ACT (AAA) - passed in 1933 to aid farmers.
AAA had farmers cut back on crop production by paying them equivalent SUBSIDIES (paid not to produce)

6. National Labor Relations Act (aka Wagner Act)- legalized unions and collective bargaining & collective action (strikes, etc...)
it outlawed BLACKLISTS & other anti-union practices
Increased Union membership

7. Programs to Create Jobs!
Federal Emergency Relief Administration
Public Works Administration
Civil Works Administration
Works Progress Administration

10. Social Security Act unemployment insurance & old age pensions

11. Gave Americans sense of security in chaos
Lessened suffering of Great Depression
WW II actually ended Great Depression
Deficit spending by government became normal
Provided a safety net for Americans during economic crisis's
Federal government grew more powerful
IMPACT OF THE NEW DEAL