First New Deal Flashcards
CCC
Civilian Conservation Corps FDR’s favorite New Deal Program that provided jobs for over 2 million men, replanted forests, built trails, dug irrigation ditches, fought fires
SEC
Security and Exchange Commission regulated the stock market to make it a safe place for investments
AAA
Agricultural Adjustment Act aimed to end overproduction and raise crop prices
Federal Deposit Insurance Corporation (FDIC)
insured bank deposits up to $5,000
Tennessee Valley Authority
TVA built a series of dams to control floods and generate electric power gave government direct control of a business
National Industrial Recovery Act
established the NRA (National Recovery Administration) which developed codes of fair competition to govern whole industries
PWA
Public Works Administration built bridges dams, government buildings, and power plants
Home Owners’ Loan Corporation
loaned money at low interest rates to homeowners who could not meet mortgage payments
FHA
Federal Housing Administration insured bank loans used for building and repairing homes