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Emergency Banking Relief Act (EBRA)
Passed on March 9, 1933, the Emergency Baning Relief Act, was an act that gave more control to the Government over the banks, so that there wouldn't be another depression, as bad as the 1929 one. This act also allowed the Federal Reserve to extange peoples checks, bonds, and other such items in value for cash, and allowed them to loan any bank money at 1% interest. -
Civillian Conservation Crops (CCC)
The CCC was created in 1933 “for the relief of unemployment through the performance of useful public work, and for other purposes.”One of the most successful New Deal programs of the Great Depression, it existed less than ten years, but left a legacy of strong, handsome roads, bridges, and buildings throughout the United States. Colossal Cave Mountain Park owes an enormous debt to the Civilian Conservation Corps for its handsome headquarters buildings, to say nothing of the installation of th -
Federal Emergency Relief Administration (FERA)
The New Deal under Franklin Delano Roosevelt (1933-34) attempted to provide recovery and relief from the Great Depression by the establishment of a number of emergency relief programs. Among these the Federal Emergency Relief Administration (FERA) program, the first of his major relief operations, provided state assistance for the unemployed and their families. Rather then having large numbers of workers on the dole, Roosevelt believed in work relief, or payment for work performed, to help maint -
Agricultural Adjustment Administration (AAA)
The Agricultural Adjustment Administration (AAA) (Pub.L. 73-10, 48 Stat. 31, enacted May 12, 1933) restricted agricultural production in the New Deal era by paying farmers to reduce crop area. Its purpose was to reduce crop surplus so as to effectively raise the value of crops, thereby a portion of their fields lie fallow. The money for these subsidies was generated through an exclusive tax on companies which processed farm products. -
Tennessee Valley Authority (TVA)
President Roosevelt signed the Tennessee Valley Authority Act on May 18, 1933, creating the TVA as a Federal corporation. The new agency was asked to tackle important problems facing the valley, such as flooding, providing electricity to homes and businesses, and replanting forests. Other TVA responsibilities written in the act included improving travel on the Tennessee River and helping develop the region’s business and farming. -
Home Owners Loan Corporation (HOLC)
As part of President Roosevelt's New Deal legislation, Congress passed the Homeowners Loan Act of 1933, which in turn created the Home Owners Loan Corporation (HOLC). This federal agency's main task was to refinance home mortgages that were in default or at risk of foreclosure due to the 1929 crash and the collapse of the housing industry. The loans applied to homes that were non-farm residential properties, did not house more than four families, and were not worth more than $20,000. -
Public Works Administration (PWA)
Created by the National Industrial Recovery Act on June 16, 1933, the Public Works Administration (PWA) budgeted several billion dollars to be spent on the construction of public works as a means of providing employment, stabilizing purchasing power, improving public welfare, and contributing to a revival of American industry. Simply put, it was designed to spend "big bucks on big projects." -
Federal Deposit Insurance Corporation (FDIC)
he Federal Deposit Insurance Corporation (FDIC) was created on June 16, 1933, under the authority of the Federal Reserve Act, section 12B (12 U.S.C.A. § 264(s)). It was signed into law by President franklin d. roosevelt to promote and preserve public confidence in banks at the time of the most severe banking crisis in U.S. history. -
National Recovery Administration (NRA)
The National Industrial Recovery Act (NIRA) was enacted by Congress in June 1933 and was one of the measures by which President Franklin D. Roosevelt sought to assist the nation's economic recovery during the Great Depression. -
Civil Works Administration (CWA)
The Civil Works Administration is established. Devised as a wide scale program that could employ up to 4 million people, the C.W.A was involved in the building of bridges, schools, hospitals, airports, parks and playgrounds. Additionally, C.W.A. funds went toward the repair and construction of highways and roads. Early in 1934, Congress authorized $950 million for the continued operation of the C.W.A. -
Securities and Exchange Commission (SEC)
The act, passed in 1934, created the Securities and Exchange Commission (SEC), a market watchdog. The SEC is part of the federal government and oversees brokerage firms and self-regulatory organizations like the New York Stock Exchange or the National Assocation of Securities Dealers, which runs NASDAQ. The act authorizes the SEC to collect information periodically from companies with publicly traded securities. -
Federal Housing Administration (FHA)
The Federal Housing Administration, generally known as "FHA", provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest insurer of mortgages in the world, insuring over 34 million properties since its inception in 1934. -
Works Progress Administration (WPA)
The Works Progress Administration (WPA) was a relief measure established in 1935 by executive order as the Works Progress Administration, and was redesigned in 1939 when it was transferred to the Federal Works Agency. Headed by Harry L. Hopkins and supplied with an initial congressional appropriation of $4,880,000,000, it offered work to the unemployed on an unprecedented scale by spending money on a wide variety of programs, including highways and building construction, slum clearance, reforest -
Rural Electrification Administration (REA)
The REA was created by the Roosevelt Administration in 1935 to bring electricity to rural areas. Farmers were urged to create electricity cooperative companies. It then channeled funding through these coops through low-interest loans to finance the construction of generation and distribution facilities and power lines to bring electricity to farms. -
National Youth Administration (NYA)
As a New Deal organization the National Youth Administration (NYA) was established within the Works Progress Administration (WPA) on June 26, 1935, and funded by the Emergency Relief Appropriation Act of 1935. NYA provided work training based on U.S. citizenship and financial need for youth between ages sixteen and twenty-five. In addition to offering courses in writing, reading, and arithmetic, NYA operated two programs: the Works Project Program to train unemployed, out-of-school youth. -
National Labor Relatons Board (Wagner Act)
Defined unfair labor practices and established the National Labor Relations Board (NLRB) to settle disputes between employers and employees. -
Social Security Administration
Provided a pension for retired workers and their spouses and aided people with disabilities. -
Banking Act of 1935
Created seven-member board to regulate the nation's money supply and the interest rates on loans. -
Food, Drug and Cosmetic Act (FDC)
Congress passed the Federal Food, Dug, and Cosmetic Act (FDCA) in 1938. The FDCA set up the Food and Drug Administration (FDA) to enforce the Act. The goals of the FDCA were to assure that foods are pure and safe to eat, that drugs and medical devices are safe and effective, and that cosmetics are safe. The FDCA banned adulterated and misbranded food from interstate commerce.
