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Chapter 25- New Deal

National "bank holiday" banks could not open until government inspected and problems addressed
Emergency Banking Act federal loans available to banks
Federal Emergency Relief Administration money loaned to state agencies for needy families (food, shelter, clothing)
Civilian Conservation Corps (CCC) hired young men (18-25) to plant trees, build roads, and work on flood control
Agricultural Adjustment Act (AAA) paid farmers to destroy crops, hoping it would create a shortage and increase prices
National Recovery Administration (NRA) cooperation between businesses, labor and government, reduced work week, minimum wage and ended child labor
Truth in Securities Act controlled selling of stocks and bonds
Tennessee Valley Authority (TVA) workers worked on environmental problems in the Tennessee River Valley (flood control, soil erosion and dams for electricity)
Works Progress Administration (WPA) hoping to employ the unemployed, built schools, hospitals, playgrounds, museums and airports
Wagner Act gave workers the right to form unions
Social Security Act taxes paid by employees and employers, for elderly, unemployed and disabled workers
Federal Housing Administration (FHA) generated low-cost home building and repair, guaranteed money to banks
Created by: jyoung02



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