Name that New Deal!

What’s the Deal?

Emergency Banking Relief Act

0March 5th,19330Authorized the Treasury Department to inspect the

country’s banks while they were closed0Only the stable banks were allowed to reopen0Revived public faith in the banks

Glass-Steagall Act

019330Established the Federal Deposit Insurance

Corporation (FDIC)0 Insured all bank accounts up to $5,0000Required banks to act cautiously with their

customer’s money

Federal Securities Act

0May 19330Required corporations to provide complete

information on all stock offerings and made them liable for any misrepresentations.

Securities and Exchange Commission (SEC)

0 June 19340Meant to regulate the stock market0Goal was to prevent people with inside information

about companies from “rigging” the stock market for their own profit

21st Amendment

019330Repealed prohibition in order to create tax revenues

Agricultural Adjustment Act (AAA)

019330Raised crop prices by lowering production, which the

government achieved by paying farmers to leave a certain amount of every acre of land unseeded

0Upset many Americans bc food was being destroyed while people were going hungry (restaurant throwing out food)

Tennessee Valley Authority (TVA)

0May 18, 19330Constructed 20 new dams, created thousands of jobs,

and provided flood control, hydroelectric power, and other benefits to an impoverished region.

Civilian Conservation Core (CCC)

0Put young men aged 18 to 25 to work building roads, developing parks, planting trees, and helping in soil-erosion and flood-control projects

0Planted over 200 million trees in an effort to prevent another dust bowl

Civil Works Administration (CWA)

0November 19330Created as part of the National Industrial Recovery

Act (NIRA) to provide money to states to create jobs for the construction of schools and other community buildings

0Built 40,000 schools and paid the salaries of more than 50,000 schoolteachers in America’s rural areas. It also built more than half a million miles of roads.

National Recovery Administration (NRA)

0Set prices of many products and established standards

0 Goal was to promote recovery by interrupting the trend of wage cuts, falling prices, and layoffs.

0Gave concessions to big businesses, but also allowed unions to collectively bargain

Works Progress Administration (WPA)

0Goal was to create as many jobs as possible as quickly as possible0Built 850 airports throughout the

country0Constructed or repaired 651,000 miles

of roads and streets0 Put up more than 125,000 public

buildings

National Youth Administration (NYA)

0Created to provide education, jobs, counseling, and recreation for young people.

0Provided student aid to high school, college, and graduate students.0 In exchange, students worked in part-time positions at

their schools.

Fair Labor Standards Act

019380Set maximum hours at 44 hours per week, decreasing

to 40 hours after 2 years

Social Security Act

019350Supplemental Retirement plan0Unemployment Compensation system0Disabled and dependent children

National Labor Relations Board (NLRB)

019350Mediator organization in labor disputes between

unions and employers0Enforcer of the Wagner Act which prohibited

businesses from0 Threatening workers who wanted to join unions0 Firing union members 0 Interfering with union organizing