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new deal acronyms
| Question | Answer |
|---|---|
| Glass-Steagall Act | established the FDIC |
| Federal Securities Act | required corporations to provide complete info on all stock offerings |
| regulates the stock market | securities and exchange commission (SEC) |
| provided insurance for individual bank accounts of up to $5000 | federal deposit insurance corporation (FDIC) |
| pay farmers to limit crop production to raise crop prices | agricultural adjustment administration (AAA) |
| build dams, create jobs, provide flood control and hydroelectric power | tennessee valley administration (TVA) |
| young men to build roads, parks, plant trees, soil erosion projects, and flood control projects | civilian conservation corps (CCC) |
| provided work in federal jobs | civil works administration (CWA) |
| created jobs in government projects | public works administration (PWA) |
| establish codes of fair practice for individual industries | national industrial recovery act (NIRA) |
| increased taxes in higher incomes | revenue act of 1935 |
| set prices of products and establish standards | national recovery act (NRA) |
| provided government loans to homeowners who faced foreclosure because they couldn't meet their loan payments | home owners loan corporation (HOLC) |
| $500 million given to the states for direct relief for the needy | federal emergency relief act (FERA) |
| FDR's first act to closed down all banks | emergency banking relief act (EBRA) |
| loans for home mortgages and repairs | federal housing act (FHA) |
| deficit spending | spending more than we receive in revenue |
| Huey Long's program | share our wealth |
| loaned 1 billion to tenant farmers to become landholders and create camps for migrant farm workers | farm security admin (FSA) |
| create as many jobs as quickly as possible, helped artists | works progress admin (WPA) |
| provide education, jobs, counseling, and recreation for young people | national youth admin (NYA) |
| collective bargaining and right to unionize | wagner act |
| hear testimonies of unfair practices | nation labor relations board (NLRB) |
| min and max wage and hours, set rules for workers of 16 and 18 years of age | fair labor standards act |
| pension for retirees 65 or older and spouses, unemployment, widows, disabled, dependent children | social security act |
| electricity to rural areas | rural electrification admin (REA) |
| organize industrial unions, sit down strikes | congress of industrial organization (CIO) |
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