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New Deal

Alphabet Agencies

AcronymNameFunction
FDIC Federal Deposit Insurance Corporation guarantees bank deposits up to a certain amount gave people confidence to put their money back in banks
FERA Federal Emergency Relief Administration gave $500M to state governments for the states to determine how to best help their citizens
CCC Civilian Conservation Corps hired unemployed young men paid them for nature projects
CWA Civil Works Administration wait in line each day to possibly be given a random job "Make Work Agency"
TVA Tennessee Valley Authority constructed 20 dams on the Tennessee River provided jobs, flood control, irrigation, and hydroelectricity
NRA National Recovery Administration created 'industry pools' where companies in the same industry work together to decide production rates and prices instead of competing against each other Schecter Brothers Poultry Co. v. US -not fair for little companies -ruled unconstitional
PWA Public Works Administration provided construction jobs (built bridges, highways, airports, courthouses, and other public buildings)
SCS Soil Conservation Service educated farmers on how to save the soil (ex. crop rotation)
HOLC Home Owners Loan Corporation provided low interest loans to save people's houses and aide in preventing homelessness
AAA Agricultural Adjustment Administration subsidized farmers to produce less
FCC Federal Communications Commission federal government claimed ownership of air waves, gaining control over radio (and later TV)
SEC Securities and Exchange Commission stock market police catch insider trading, fraud, etc.
FHA Federal Housing Administration first experiment in public housing (failed)
WTA Wealth Tax Act increased income taxes on the wealthy taxed the rich to give to the poor
NLRB National Labor Relations Board created by the Wagner Act -legalized labor unions the government would act as a mediator to help employers and unions come to a negotiation
NYA National Youth Administration focused on job training for young men (basically like technical college) so they would be prepared to work as jobs opened up
REA Rural Electrification Administration federal government paid to spread electricity everywhere, even areas where nobody had it before
SSA Social Security Administration government retirement fund receive payments after age 65 still exists today people pay in through the FICA tax (really paying for previous generations) founded because of an interest group of old people led by Dr. Francis Townsend
WPA Works Progress Administration largest New Deal program (huge, over $6B) provided jobs for anybody who still didn't have one
FLSA Fair Labor Standards Administration ensures safe workplaces and conditions created first federal minimum wage (40ยข/hr) now exists as OSHA
Created by: ellieadams
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