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Published byEsmond Cross Modified over 5 years ago
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The New Deal RELIEF: Immediate payments to relieve poverty
RECOVERY: Provide jobs to create consumer demand REFORM: Permanent programs to avoid future situations
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A. To ease the banking crisis and ensure financial stability
“Bank Holiday” (1933) Emergency Banking Act Relief Authorized gov’t to inspect financial health of banks Federal Deposit Insurance Corp. FDIC (1933) Reform Insured bank deposits Securities and Exchange Commission SEC Regulated stock market
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B. To aid the unemployed Federal Emergency Relief Admin. FERA (1933)
Provided funds to state relief agencies Works Progress Admin. WPA (1933) Recovery Jobs in building construction and art, music, and writers Civilian Conservation Corp. CCC (1933) Jobs for young men in conservation and resource projects
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C. To aid industry and agriculture
National Industrial Recovery Admin. NIRA (1933) Recovery Outlined fair business and labor practices PWA Public Works Administration Large scale public works construction agency Agricultural Adjustment Act AAA (1933) Aimed to raise farm prices by reducing acreage and pay farm subsidies Federal Housing Admistration FHA Provide Mortgage relief and stimulate construction industry
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D. To aid Labor National Labor Relations Act aka Wagner Act (1935)
Reform Protected unions right to collective bargain Social Security Act SSI (1935) Unemployment benefits, pensions, disability Fair Labor Standards Act (1938) Minimum Wage
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E. To conserve and protect the nation’s resources
Tennessee Valley Aurthority TVA (1933) Recovery Created to build dams in the Tenn. Rv. valley “We’re gonna electrify the south”
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