-
The Home Owners Loan Corportation (HOLC)
The Home Owners Loan Corportaion provided government loans to homeowners who faced foreclosure because they could not meet their loan payments. HOLC also assisted mortgage lenders by refinancing problematic loans and increasing the institutions liquidity. When the HOLC ended its operations and liquidated assets in 1951, HOLC turned a small profit -
The National Recovery Administration
This administration was created by the National Industrial Recovery Act. The administration set the prices of many products and established standards. Their aim was to promote recovery by interrupting the trend of wage cuts, falling prices, and layoffs. It ended on May 27, 1935. -
The Public Works Administration
Headed by Harry Hopkins, the PWA was one of the largest programs set up to help youth, professionals, and other workers. The PWA was set up to create as many jobs as possible as quickly as possible. The PWA produced public works of lasting value to the nation and gave working people a sense of hope and purpose. From the uring of Eleanor Roosevelt the PWA made special efforts to help women, minorities, and young people. The WPA ended in 1943. -
The Agricultural Adjustment Administration (AAA)
The Agricultural Adjustment Administration sought to raise crop prices by lowering production. The government achieved this by paying farmers to leave a certain amount of every acre of land unseeded. Many Americans protested this act for they were going hungry. This act did help put money back into farmer pockets. This act was ruled uncontitutional in 1936. -
The Tennessee Valley Authority (TVA)
The Tennessee Valley Authority focused on the badly depressed Tennessee River Valley, they renovated five existing dams and constructed 20 new ones, created thousands of jobs, and provided flood control, hydroelectic power, and other benefits to an improverished region. -
The Federal Housing Administration (FHA)
The Federal Housing Administration insured loans for building and repairing homes. This administration was created by the National Housing Act. It sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building.This administration continues to run today. -
The Securities and Exchange Commission
This comission was reated to regulate the stock market. One goal of this commission was to prevent people with inside information about companies from "rigging" the stock market for their own profit. This commission was created from the Federal Securities Act. The Securities and Exchange Commission is still running to this day. -
National Youth Administration
This program provided job training for unemployed young people and part-time jobs for needy students. The NYA provided education, jobs, counseling, and recreation for young people. It provided student aid to high school, college, and graduate students. In exchange students worked part-time positions at their schools. It operated until 1939 as part of the Works Progress Administration. -
The National Labor Relations Board (Wagner Act)
The National Labor Relations Board, or more commonly know as the Wagner Act after its sponser Senator Robert F. Wagner, this act reestablished the NIRA provision fo collective bargaining. The federal goverment again protected the right of workers to join unions and engage in collective bargaining with employers. -
The Fair Labor Standards Act
The Fair Labor Standards Act set maximum hours at 44 hours per week, decreasing to 40 hours after two years. It also set minimum wages at 25 cents an hour, increasing to 40 cents an hour by 1945. In addition the act set rules for the employment of workers under 16 and banned hazardous work for those under 18.
