Relief
Emergency banking act (1933)
closed banks for 4 days
Banks could only reopen if they followed government regulations
N.I.R.A / N.R.A
Worked with businesses to help them recover.
N.R.A set “codes of fair competition” within industries to maintain prices, minimum wages, and maximum hours.
Glass steagall banking act
Created the F.D.I.C, This banking act aimed at restoring and maintaining stability in the national economy.
F.E.R.A
$500 million was provided for distribution by states and cities to the homeless and unemployed
1st A.A.A
The aim of the A.A.A was to raise farmers income by cutting the amount of surplus crops and livestock. The government paid farmers for reducing the number of acres they planted.
Securities exchange act
Created the S.E.C (Securities and exchange commision)
S.E.C was created to promote economic stability with the authority to regulate stock exchanges and investment advisers.
P.W.A
Provided jobs through construction projects, such as bridges, housing, hospitals, schools and aircraft carriers.
F.H.A
Created by the National Housing Act to insure bank mortgages
20-30 years at down payments of just 10%
S.S.A
This provided old age insurance and it also provided unemployment insurance for workers, paid by employers.
F.D.I.C
Created to guarantee peoples money in the banks,
bank insures money up to 250k
2nd A.A.A
Government paid farmers to store their overproduced crops until the price reached the level of prices from 1909 - 1914. Farmers gained prosperity back until WW2 increased demand for food.
N.L.R.A
Guaranteed labor the right to form unions
Created the National Labor Relations Board
W.P.A
Provided jobs for 25% of adult Americans.
They created bridges, tunnels, airports, dams, and schools. They built and improved 650,000 miles of road.
F.L.S.A
Created the Wages and Hours act
C.C.C, where does it fall under and the definition.
It happened during Relief stage.
Provided work for 2.5 million young men age 18 to 25 conserving natural resources