New Deal Programs Flashcards
Federal Home Loan Bank Act
lowered mortgage rates for homeowners
allowed farmers to refinance their farm & avoid foreclosure
RFC (Reconstruction Finance Corporation)
make loans to banks, railroads, and industries to help them get back on their feet
FDIC (Federal Deposit Insurance Corporation)
protect bank deposits
SEC (securities and exchange commission)
supervises the stock market to prevent dishonest practices
AAA (Agricultural Adjustment Association)
boost agricultural prices by reducing surpluses (plowing under crops and slaughtering animals)
TVA
Federal government provides electricity and flood control to hydroelectric dams (more jobs &energy)
CCC (Civilian Conservation Corps)
employed single males to build roads, plant trees, and work on soil erosion and flood control
NIRA (National Industry Recovery Act)
set up fair trade codes to limit production & fix prices & wages
FERA (Federal Emergency Relief Act)
direct aid to states used to give food & clothing to the unemployed
PWA
created jobs building large construction projects
CWA (Civil Works Administration)
4 million new jobs, built schools and paid teachers
Home Owners Loan Corporation
provide loans to homeowners who are facing foreclosure
Works Progress Administration
create as many jobs as possible in construction and the arts, built airports and libraries
NYA (National Youth Administration)
provided jobs for students and job training for unemployed youth
NLRA (National Labor Relations Act)
National Labor Relations Board made to settle disputes between labor and management, supports unions
