FDR Alphabet Agencies Flashcards
Agricultural Adjustment Administration (AAA)
RECOVERY - The AAA paid farmers not to produce in order to raise agricultural prices to pre-WWI levels.
Civilian Conservation Corps (CCC)
RELIEF - Created temporary jobs for young men in national parks and such. Men were paid $30 a month and sent $25 home
Emergency Banking Relief Act (EBRA)
RELIEF - The EBRA stabilized larger banks, closed unstable banks, removed the dollar from the gold standard, and increased Federal Reserve powers.
Fair Labor Standards Act (FLSA)
REFORM - The FLSA of 1938 established a federal minimum wage and banned child labor.
Bank Holiday
RELIEF - Declared so that the panic would be stopped
Emergency Banking Act
RELIEF - Closed the insolvent banks and only reopened the solvent ones.
Federal Emergency Relief Act (FERA)
RELIEF - Gave immediate help to those that needed it in the form of cash payments.
Civil Works Administration (CWA)
RELIEF - Provided temporary jobs repairing roads and bridges.
Farm Security Administration (FSA)
RELIEF - FSA provided relief to farm/rural communities in order to make communities self sustaining the the future.
Federal Deposit Insurance Corporation (FDIC)
REFORM - The FDIC insured bank deposits up to $10K.
Federal Housing Administration (FHA)
REFORM - The FHA regulated interest rates and mortgage terms
Glass Steagall Act - Banking Act of 1933
REFORM - The Glass-Steagall Act prohibited banks from underwriting securities and created the FDIC, prevented commercial banks from investing in the stock market
National Labor Relations Act (NLRA) (Wagner Act)
REFORM - Formed to protect the rights of workers and employees.
National Recovery Administration (NRA)
RECOVERY - The NRA sought to stabilize the economy, end child labor laws, and create more fair working conditions.
Public Works Administration (PWA)
RECOVERY - Created short term jobs in public works projects.
