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Emergency Banking Relief Act
This act was an attempt to stabilize the banking system. It expanded presidential authority to deal with a banking crisis, gave the Comptroller of the Currency power to take over troubled banks, and “gave the Federal Reserve the flexibility to issue emergency currency”. The Emergency Banking Relief Act succeeded in restoring the confidence of both Main Street and Wall Street.
Recovery March 9, 1933 First New Deal -
Federal Emergency Relief Administration (FERA)
The government gave grants to the states, which funneled funds through such local agencies as home relief bureaus and departments of welfare for poor relief. The funds, intended to buoy up those hurt most by the Depression, paid for work completed, cash outlays, food and clothes. Within the first two hours, $5 million were distributed. The program also funded public work projects. Over the following two years a total of $3 billion was distributed.
Relief
May 1933
First New Deal -
Period: to
New Deal Policies
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Civilian Conservation Corp (CCC)
This was a public work relief program for unemployed, unmarried men. The CCC planted more than three billion trees and constructed trails and shelters in more than 800 national and state parks nationwide during its nine years of existence. CCC employees fought forest fires, planted trees, cleared and maintained access roads, re-seeded grazing lands, implemented soil-erosion controls, and built bridges and campground facilities.
Relief
April 5, 1933
First New Deal -
Agricultural Adjustment Act (AAA)
This act was made to raise agricultural prices by reducing surpluses in return for a subsidy for the farmers. AAA controlled the supply of seven crops, corn, wheat, cotton, rice, peanuts, tobacco, and milk-by offering payments to farmers in return for farmers not planting those crops. Therefore, there would be less produce on the market and crop prices would rise thus benefiting the farmers – though not the consumers. This destroyed the AAA.
Recovery
May 12, 1933
First New Deal -
National Industrial Recovery Act (NIRA)
The National Industrial Recovery Act of 1933 was a US labor law and consumer law passed by the US Congress to authorize the President to regulate industry for fair wages and prices that would stimulate economic recovery. It also established a national public works program known as the Public Works Administration.It encouraged cooperation among businesses in establishing production and labor practices.
Recovery
June 16, 1933
First New Deal -
Federal Art Project (FAP) (part of WPA)
This was a New Deal program to fund the visual arts in the United States. Under national director Holger Cahill, it was one of five Federal Project Number One projects sponsored by the Works Progress Administration (WPA), and the largest of the New Deal art projects. It created more than 200,000 separate works, FAP artists created posters, murals and paintings. Some works still stand among the most-significant pieces of public art in the country
Relief
Date: 1935-43
Second New Deal -
Resettlement Admin. (see also Farm Security Admin.)
Relocated struggling urban and rural families to communities planned by the federal government. On Sept. 1, 1937, it was succeeded by the Farm Security Administration. Established in 1937, it combated rural poverty through helping with rural rehabilitation, farm loans, and subsistence homestead programs. The FSA assisted families by providing healthcare, education, and training programs for participating families to help them become self-sustaining.
Relief
May 1, 1935
Second New Deal -
National Labor Relations Board (NLRB) (Wagner Act)
The National Labor Relations Act of 1935 is a foundational statute of United States labor law which guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.
It also established elections for labor union representation and with investigating and remedying unfair labor practices.
Reform
Date: July 6, 1935
Second New Deal -
Rural Electrification Admin. (now Rural Utilities Service)
Provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States. The funding was channeled through cooperative electric power companies, most of which still exist today. By the early 1970´s about 98% of all farms in the United States had electric service. The administration was abolished in 1994 and its functions assumed by the Rural Utilities Service.
Recovery
Date: May 20, 1936
Second New Deal -
Fair Labor Standards Act (FLSA)
Established minimum wages and maximum hours for many workers. It is a United States labor law that created the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits most employment of minors in "oppressive child labor". It created new jobs for millions of the nation's unemployed by reducing overtime hours and forcing employers to hire more employees to compensate.
Reform
Date: 1938
Second New Deal
