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Home Owners Loan Corporation
The main purpose to this corporation was to loan money at low interest to homeowners who could not meet their mortgage payments. The typical loan was a amortized 15 year loan, compared to a 3-6 year loan from commercial banks. This corporation ended in 1951. -
Emergency Banking Relief Act
This act was made to pretty much stabliize the banking system. The banks were inspected by Treasury Department and those that were stable could reopen. It helped by supplying the banks that reopened with money. -
Agricultural Adjustment Administration
It aided farmers and regulated crop production. From paying farmers to not plant on all of their land to having them kill their excess livestock, its all to bring the prices of crops. -
Civil Works Administrastion
The Civil Works Andministration was for people who were unemployed during the Great Depression. It created millions of labor jobs for those in need. Even though they were temporary jobs, it gave a job to 4 million people. This administration ended on march 31st, 1934. -
Civillian Conservation Corps
The Civillian Conservation Corps was made to help young adults ages 18-25 to work building roads, develeoping parks, planting trees, as well as helping in soil-erosion and flood-control projects. It helped in the Great Depression by helping young single males make money and find work. The program ended in 1942. -
Securities and Exchange Commission
Supervised the stock market and eliminated dishonest practices. The Securities and Exchange Commission had a three part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. -
Social Security Administration
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Rural Electrification Administration
The rural electrification administration was placed because it provided affordable electricity for those who lived in isolated rural areas. It was one of New Deals most successful programs, as it gave loans and other helped set up their own power systems. -
United States Housing Authority
This New Deal program provided federal loans for low-cost public housing for those who didnt have a home. The main reason for this program was progressives argued that if you improved ones physical enviorment it would give them a better chance for success. -
Fair Labor Standards Act
This act established a minimum hourly wage, as well as a maximum number of hours in the workweek for the entire country. It also made so people under 18 couldnt do dangerous jobs, along with children under 16 couldnt work during school hours.
