New Deal Essay, Research Paper
New Deal Legislation
The Act or Agency The Purpose
Farm Relief and Rural Development
Agricultural Adjustment Administration AAA(1933) To aid farmers and to regulate crop Production
The Tennessee Valley Authority TVA(1933) To develop the resources of the Tennessee Valley.
Rural Electrification Administration REA(1935) To provide cheap electricity for isolated rural areas.
Business Assistance and Reform
Emergency Banking Relief Act EBRA(1933) To regulate bank transactions in credit, currency, foreign exchange, gold and silver.
Banking Act Of 1933(Glass-Steagell Act) To set up the Federal Deposit Insurance Corporation.
Federal Deposit Insuranve Corporation FDIC(1933) To protect bank deposits up to $5,000. The amount now protect by the FDIC is $100,000.
National Recovery Administration NRA(1933) To provide “codes” of fair competition and to give labor the right of collective bargaining.
Securities and Exchange Commission SEC(1934) To supervise the stock exchanges and eliminate dishonest practices.
Public Utilities Holding Company Act(1935) To eliminate holding companies of utilities that did not operate efficiently and economically.
Banking Act of 1935 To create a seven-member board of public officials to regulate the nation’s money supply and the interest rates on loans.
Food, Drug, and Cosmetic Act(1938) To require manufacturers to list ingredients in food, drugs, and cosmetics.
Civilian Conservation Corps CCC(1933) To provide jobs for young single males on Conservation projects.
Federal Emergency Relief Act FERA(1933) To help states provide jobs for the unemployment.
Civil Works Administration CWA(1933) To provide work even if it meant “making work” in federal jobs.
Public Works Administration PWA(1933) To create jobs in public works that would increase worker buying power and stimulate the economy.
Works Progress Administration WPA(1935) To create as many jobs as possible as quickly as possible, from jobs in the construction industry to jobs in symphony orchestras.
National Youth Administration NYA(1935) To provide job train for unemployed youths and part-time jobs for students in need.
Housing and Social Security
Home Owners Loans Corporation HOLC(1933) To give loans at low interest to home owners who could not meet mortgage payments.
Federal Housing Administration FHA(1934) To provide loans for the building and repair of houses.
Social Security Act(1935) To provide a pension for retrired workers and their spouse and to aid the handicapped.
United States Housing Authority USHA(1937) To provide federal loans for a nation-wide home improvement program.
National Labor Relations Act of 1935 Act To define “unfair labor practices” and to establish a
(Wagner-Connery Act of 1935) National Labor Relations Board to settle differences
between employers and employees.
Fair Labor Standards Act(1938) To set up a national minimum hourly wage, and a
maximum work week and to prohibit children under sixteen from working in factories.