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Period: to
First New Deal (First 100 Days)
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Franklin Delano Roosevelt Inaugurated
The first inauguration of Franklin D. Roosevelt as the 32nd President of the United States was held on Saturday, March 4, 1933 at the East Portico of the United States Capitol in Washington, D.C. -
Government Economy Act
Relief
The Act cut the pay of government and military employees by 15%. It cut government spending by 25%.4 The $1 billion saved went to finance New Deal programs. -
Civilian Conservation Corps
Relief The program hired 3 million workers over the next 10 years to
conserve public land.5 They planted forests, built flood barriers, and maintained roads and trails. -
Federal Emergency Relief Act
Relief
This program funded a wide variety of jobs in agriculture, the arts, construction, and education. By the end of the 1935, it distributed over $3.1 billion and employed over 20 million people -
Home Owners Refinancing Act
Recovery The act established the Home Owners Loan Corporation that refinanced mortgages to prevent foreclosures.10 It also provided additional capital to mortgage lenders. When it closed in 1935, it had refinanced 1 million homes, which was the equivalent of 20% of all urban mortgages. -
Glass-Steagall Banking Act
Reform
This law separated investment banking from retail banking. It prevented retail banks from using depositors' funds for risky investments. It gave the regulation of retail banks to the Federal Reserve, prohibited bank sales of securities, and created the Federal Deposit Insurance Corporation. The act was repealed in 1999 by the Gramm-Leach-Bliley Act. -
Period: to
Second New Deal
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Emergency Relief Appropriation
Relief
The program replaced FERA and funded the new Works Progress Administration with $5 million.1819 It employed 8.5 million people to build bridges, roads, public buildings, public parks, and airports. It paid artists to create 2,566 murals and 17,744 pieces of sculpture to decorate the public works. -
Wagner Act
Reform
This law protected the rights of employees to organize and address working conditions, with or without a union, and created the National Labor Relations Board. -
Social Security Act
Reform
This law created the Social Security Trust Fund and Administration to provide income to the elderly, the blind, the disabled, and children in low-income -
Soil Conservation and Domestic Allotment Act
Reform This program paid farmers to plant soil-building crops, like beans and grasses, to counteract the Dust Bowl. -
Rural Electrification Act
Relief
The law provided loans to farming cooperatives to generate electricity for their rural areas.
