New Deal Alphabet Agencies

Question 1

CCC 1933

Answer 1

Civilian Conservation Corps - provided work camps for young men (eg national parks)

Question 2

FCA 1933

Answer 2

Farm Credit Administration - helped farmers manage their debts by making loans available from federal funds ($100 million available)

Question 3

FERA 1934

Answer 3

Federal Emergency Relief Administration - provided $500mil to state and local agencies to pay the unemployed

Question 4

FHA 1934

Answer 4

Federal Housing Administration - provided gvt funding to allow people to keep up with mortgage payments

Question 5

NIRA 1933

Answer 5

National Industrial Recovery Act - promoted recovery and reform by setting up PWA and NRA

Question 6

PWA 1933

Answer 6

Public Works Administration - provided more than $3 bil for work creation projects eg roads

Question 7

TVA 1934

Answer 7

Tennessee Valley Authority - conservation and regeneration schemes - hydroelectric power, flood control etc and other social projects such as education
By 1949 - 90% had electricity (20% in 1933)

Question 8

1933 Banking Act

Answer 8

Regulated banking and credit. Insured deposits up to $5000

Question 9

1933 Beer-Wine Revenue Act

Answer 9

Legalised some mild alcoholic drinks, paved way for end of Prohibition

Question 10

1933 Economy Act

Answer 10

Made commitment to cut the federal budget

Question 11

1934 Emergency Railroad Transportation Act

Answer 11

Regulated the railroad companies

Question 12

FCC 1934

Answer 12

Federal Communications Commission - set up gvt regulation of radio and telegraph services

Question 13

NRA 1934

Answer 13

National Recovery Administration - encouraged voluntary support between businesses and the public, aimed to improve cooperation between businesses and the gvt. Set up codes of practise (541), banned child labour and supported unions

Question 14

SEC 1934

Answer 14

Securities and Exchange Commission - extended powers of Banking Act, set up federal gvt regulation of trading in stocks. Now illegal to by stocks on credit

Question 15

AAA 1933

Answer 15

Agricultural Adjustment Administration - provided farmers with federal subsidies to compensate for cutting back productions, aimed to raise farm profits by limiting overproduction

Question 16

1933 Emergency Banking Act

Answer 16

Used Hoover’s Reconstruction Finance Corp to buy up stock and bank debts

Question 17

What was a success of the 1933 EBA?

Answer 17

70% banks able to reopen
By the beginning of April $1bil dollars had been deposited - illustrating confidence and boosting recovery (Fireside Chat boosted this)

Question 18

Glass-Steagall Act 1933

Answer 18

Ordinary high street banks no longer allowed to be involved in investment

Question 19

Which % of the population were farmers in the 1930s?

Answer 19

30%

Question 20

What was a failure of the AAA?

Answer 20

6 million pigs were slaughtered - waste

Payments went to landowners - failed the poor

Question 21

Devaluing the dollar 1933

Answer 21

Encouraged exports

Rose commodity prices, pacifiying farmers

Question 22

How much did farm income rise by 1936?

Answer 22

50% overall

Question 23

How many codes did the NRA establish?

Answer 23

541 - muddled bureaucracy

Set codes for minimum wages, max working hours, regulated prices. if complied - got Blue Eagle symbol

Question 24

What did the TVA increase average income by?

Answer 24

200% by 1949

Question 25

HORC 1933

Answer 25

Home Owners Refinancing Corporation

lowered interest over longer time to save homes

Question 26

How many urban homes had been refinanced by HORC by the 1940s?

Answer 26

20% by the 1940s

Question 27

FHA 1934

Answer 27

Federal Housing Administration
government-backed mortgage insurance
(Ferguson said this was the ‘antidote to the Red revolution’)