New Deal Acts

Question 1

Federal Deposits Insurance Corporation (FDIC)
Also: What act created this?
1st or 2nd new deal?

Answer 1

• If the bank collapses, your money would be insured by the government for up to 5,000 dollars. If you have more money in the bank, you will still only receive 5,000 dollars.
• Required banks to be cautious with people’s money. It was the bank’s responsibility to deny loans if they think people might not be able to pay them back.
• Created by The Glass-Steagall Act
  1st new deal

Question 2

Federal Securities Commission
1st or 2nd new deal?

Answer 2

• required corporations to provide complete information on all stock offerings.
• This means a company cannot misrepresent itself. - What your company does or it’s worth needs to be true and public to the people.
  1st new deal

Question 3

The Securities and Exchange Commission (SEC)
1st or 2nd new deal?

Answer 3

• does investigations of embezzlement and fraud.
• Its job is to regulate the stock market.
• Prevent companies or people from rigging the stock market.
  1st new deal

Question 4

Agricultural Adjustment Act (AAA)
1st or 2nd new deal?

Answer 4

• Sought to raise crop prices by lowering production.
• government was trying to put less food in the market and have a lower supply so the price will be raised. This is because the demand is increasing.
• The government pays farmers not to plant food on all their land.
• They paid hog farmers to slaughter 6 million pigs to put more meat on the market.
  1st new deal

Question 5

Tennessee Valley Authority (TVA)
1st or 2nd new deal?

Answer 5

• Focused on the Tennessee River Valley that didn’t have much funding, it needed a lot of work.
• Dams were renovated and new ones were reconstructed.
• Jobs were provided to the people living there.
• Hydroelectric power and flood control. Advancements to this area were being made.
  1st new deal

Question 6

Civilian Conservation Corps (CCC)
1st or 2nd new deal?

Answer 6

Put young men to work by building roads, parks, planting trees, etc.
Planted trees in scarce areas such as areas that were affected by the Dust Bowl.
FDR’s goal was to make more jobs.
The men were supplied with free food, uniforms, and lodging. Most of the camps were located in the Great Plains and on the work sites.
1st new deal

Question 7

Public Works Administration (PWA)
1st or 2nd new deal?

Answer 7

• created the National Industrial Recovery Act (NIRA)
  1st new deal

Question 8

National Industrial Recovery Act (NIRA)
1st or 2nd new deal?

Answer 8

• The federal government provided states with money to create state-level jobs to make schools and other buildings.
• This specifically failed in combating unemployment. So, Roosevelt established the Civil Works Administration (CWA).
  1st new deal

Question 9

Civil Works Administration (CWA)
1st or 2nd new deal?

Answer 9

Provided 4 million jobs. Some critics said these were“make work” jobs which is putting people to work for no reason.
1st new deal

Question 10

National Recovery Administration (NRA)
1st or 2nd new deal?

Answer 10

• Built out of the NIRA.
• They set prices on many products to ensure fair competition.
• It also established standards for working hours and got rid of child labor.
• aimed to promote recovery.
  Established a code fair of practice. Expectations for both sides.
• Congress guaranteed workers the right to unionize and to collectively bargain.
  1st new deal

Question 11

Home Owners Loan Corporation
1st or 2nd new deal?

Answer 11

• Provided loans to homeowners who faced foreclosure.
  1st new deal

Question 12

Federal Housing Administration (FHA)
1st or 2nd new deal?

Answer 12

• Created by The National Housing Act
  provided loans for home mortgages.
  1st new deal

Question 13

Federal Emergency Relief Administration (FERA)
1st or 2nd new deal?

Answer 13

• Funded with 500 million dollars to provide direct relief to the needy.
• Half was given to states to help the ill, unemployed, and elderly. The other half was given to the states to provide job opportunities.
  1st new deal

Question 14

The Work Progress Administration (WPA)
1st or 2nd new deal?

Answer 14

The WPA set out to create as many jobs as quickly as possible.
They spent 11 billion dollars for jobs for more than 8 million workers.
Most of the workers were unskilled (didn’t have a specific trait or job).
2nd new deal

Question 15

The National Youth Administration (NYA)
1st or 2nd new deal?

Answer 15

Provided jobs, education, counseling, and recreation for young people.
Provided student aid to high school, college, and grad students.
2nd new deal

Question 16

Wagner Act
1st or 2nd new deal?

Answer 16

Created after NRA was struck down.
protected workers’ right to unionize and prohibited unfair labor practices.
Established the national labor relations board which listened to testimony of unfair practices.
This was basically a rebranded NRA.
2nd new deal

Question 17

Farm Security Administration
1st or 2nd new deal?

Answer 17

loaned more than 1 billion dollars to help tenant farmers become landowners.
The farm security also hired Dorothey Lang.
2nd new deal

Question 18

Fair Labor Standards Act
1st or 2nd new deal?

Answer 18

Set a maximum amount of working hours per week
Set a minimum wage
Set standards for teenage labor. Could not work in hazardous environments under the age of 18.
2nd New Deal

Question 19

Social Security Act
1st or 2nd new deal?

Answer 19

Made an old age pension.
Unemployment compensation.
Financial aid to families with dependent children and those with disabilities.
2nd new deal

Question 20

Rural Electrification Administration (REA)
1st or 2nd new deal?

Answer 20

Provided electricity to rural isolated areas.
2nd new deal