Depression - Alphabet Soup Flashcards
Agricultural Adjustment Agreement
AAA -Aided farmers and regulated crop production
offered farmers subsidies in exchange for limiting their production of certain crops
Tennesse Valley Authority
TVA - Built dams for hydro power
providing electricity, flood control, and economic development
National Recovery Administration
Civilian Conservation Corps
CCC - Provided jobs for single males on conservation projects
environmental projects
Civil Works Administration
CWA
Construction Jobs
Manual-labor jobs for millions of unemployed workers. The jobs were merely temporary, for the duration of the hard winter of 1933–34.
Public Works Administration
PWA - construction jobs
construction of highways and public buildings
National Youth Administration
NYA - provide work and education for young men and women between the ages of 16 and 25.
Social Security Act
provided a pension for retired workers and their spouses and aided people with disabilities.
Govt takes a portion of your check to give to retired workers
Federal Deposit Insurance Corporation
FDIC protects people who deposit money by insuring up to $5000
Now $250K
Emergency Banking Relief Act
EBRA - closes banks for a week
Stabilize the banking system
Federal Emergence Relief Act
FERA -
devoted to making jobs for unemployed Americans to restart the economy
a grant-making agency authorized to distribute federal aid to the states for relief.
By the end of December 1935, FERA had distributed over $3.1 billion
Securities and Exchange Commission
SEC - Eliminated dishonest practices
Restore investor confidence in the stock market after the 1929 crash.
The SEC was designed to regulate stock exchanges and publicly-held companies.
3 Rs of the New Deal
relief for the unemployed and for the poor
recovery of the economy back to normal levels
reform of the financial system
What ended the depression?
World War II ended the Great Depression in the United States by creating millions of jobs in defense and war industries
Works Progress Administration
WPA - Artists
Construction and buildings
National Recovery Administration
(NRA)
NRA - Industrial Recovery
codes that set prices, production levels, minimum wages, and maximum hours.
Rural Electrification Administration (REA)
Gave grants to bring electricity to rural America.
Home Owners Loan Corporation (HOLC)
lent money to low at low interest to homeowners who could not meet mortgage payments.
Federal Housing Administration (FHA)
Low Interest loans
United States Housing Authority (USHA)
loan granting agency to state and local housing authorities to build low-cost housing in both small and large urban areas
What laws were considered unconstitutional
AAA, NRA
AAA - limit farmers on how much they could produce
NRA - codes that set prices, production levels, minimum wages, and maximum hours.
