New Deal Programs

Question 1

Reconstruction Finance Corporation (RFC)

Answer 1

a government agency created by Congress in 1932 to provide loans to banks, railroads, and big businesses and later also to farmers and public works projects

Question 2

Federal Deposit Insurance Corporation (FDIC)

Answer 2

Insured bank deposits. The insurance limit was initially $2,500 per ownership category.

Question 3

Securities and Trade Commission (SEC)

Answer 3

A government commission created by Congress to regulate the securities markets and protect investors.

Question 4

National Industrial Recovery Act (NIRA)

Answer 4

a law passed by Congress in 1933 to increase production while boosting wages and prices; it created the National Recovery Administration

Question 5

National Recovery Administration (NRA)

Answer 5

worked with business leaders to create codes of fair competition in various industries. Each industry followed its own code, which required companies in that industry to standardize products, set minimum prices, and announce any expected price increases.

Question 6

Public Works Administration (PWA)

Answer 6

Oversaw NRA construction projects

Question 7

Agricultural Adjustment Administration (AAA)

Answer 7

tried to aid farmers by reducing crop production and raising prices.

Question 8

Tennessee Valley Authority (TVA)

Answer 8

provided flood control and hydroelectric power to seven southern states. battled erosion and deforestation, and brought badly needed jobs to the region and encouraged businesses to invest there.

Question 9

Civilian Conservation Corps (CCC)

Answer 9

provide work for unemployed Americans during the Great Depression. Young Men planted trees and dis other conservation projects.

Question 10

Works Progress Administration (WPA)

Answer 10

provide work for unemployed Americans during the Great Depression. Built bridges, public buildings, and parks

Question 11

National Labor Relations Board (NLRB)

Answer 11

This board had the power to supervise union elections to ensure that they were free and democratic. It could also penalize employers for “unfair labor practices,” such as attempting to discourage workers from joining or forming a union.

Question 12

Social Security Act (SSA)

Answer 12

a law passed by Congress in 1935 to establish federal programs to offer old-age assistance and benefits, unemployment compensation, and aid to needy mothers, children, and the blind