NEW DEAL PROGRAMS Flashcards
CCC – Civilian Conservation Corps:
provided jobs for young men to plant trees, build bridges and parks, and set up flood-control projects
RELIEF
FERA – Federal Emergency Relief Act:
Provided money for relief projects for the unemployed
(put money back into the economy)
RELIEF
WPA – Works Progress Administration:
employed men and women to build government buildings, airports, schools, roads, bridges; employed artists, writers and musicians
RELIEF
NRA – National Recovery Act:
regulated business by helping to get workers higher wages; setting prices for goods; helped with working conditions
RECOVERY
TVA – Tennessee Valley Authority:
built dams to stop flooding and provided cheap electricity to 7 southern states; set up schools and health centers
RECOVERY
AAA – Agricultural Adjustment Act:
Paid farmers not to grow certain crops to combat overproduction on farms
RECOVERY
REA – Rural Electrification Administration:
paid workers to help bring cheap electricity to rural areas
RECOVERY
FDIC – Federal Deposit Insurance Corporation:
insured savings accounts in banks approved by the government up to $100,000
REFORM
SSA – Social Security Act:
set up a system of pensions for the elderly, the unemployed, dependent children and people with disabilities
REFORM
SEC - Securities and Exchange Commission:
gov. agency created to regulate (control) the stock market
REFORM
Glass-Steagall Act:
in addition to creating the FDIC, this law separated commercial banking from investment banking (ex: banks cannot use customer’s deposits to invest in stocks); repealed in 1999
REFORM