National Acts to solve the depression Flashcards
WPA (work progress admin.)
created jobs quickly
SSA (social security act)
provides money for retired workers
people who can’t work
low income families
FDIC (Federal Insurance Deposit Corporation)
- FDIC insures your money in banks
- If the bank closes, the federal govt. Will reimburse you up to the insured amount
Securities and Exchange Commission- SEC
- Meant to regulate (oversee, manage) the stock market
- Ensured that people wouldn’t rig/manipulate the market
- Took action to prevent panics as they begin
Agricultural Adjustment Act (AAA)
- Raise crop prices by lowering production
- Paid farmers to destroy part of their crop/stock, or to keep it low
- Many Americans upset about govt. destroying food when people were starving, but it did help raise farmers out of poverty
Tennessee Valley Authority (TVA)
Put people to work building dams in the Tennessee Valley region
Created jobs, helped control floods, and created hydroelectric power
Forced entire towns to move, and destroyed animal habitats
Civilian Conservation Corps (CCC)
Provided work for young men aged 18-25
Building roads, planting trees, soil-erosion and flood-control projects
National Youth Administration (NYA)
Provided part time jobs for youth that was still in school
National Labor Relations Board (NLRB)
Supported workers’ rights to join unions
Banned unfair labor practices, worker abuse by bosses