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Home Owners Loan Corporation
Home Owners Loan CorporationThe government gave homeowners loans if they could not meet their payments and faced foreclosure. This helped many people not lose there home and become homeless. Ended in 1936. -
Agricultural Adjustment Act
The AAA wanted to raise crop prices by lowering the amount of production. The government paid farmers to plant less. This angered americans when they knew people were going hungry. Although, the plan did work and farmers gained more money. Educational programs were offered to teach the prevention of soil erosion. By 1936, the supreme court deemed the AAA unconstitutional. -
Tennesse Valley Authority
The federal government built and reconstructed dams to prevent disastrous flooding. The dams were used to produce electricity. It set aside wildlife area to be preserved. Some people supported but others thought it was a waste of their money through taxes. Still in use today for some of the same reasons. -
Federal Emergency Relief Administration (FERA)
FERA video clipFERA helped combat the depression when it was funded with $500 million for direct relief to the needy and unemployed workers. It was created by the National Housing Act. Harry Hopkins was the head of this program and he worked with at the time governor of New York, Franklin Rosevelt. Ended a year later in 1934. -
Federal Deposit Insurance Corporation
The FDIC was established by the Glass-Steagall Act provided federal insurance for individual bank accounts up to $5,000. This reassured the bank customers that their money was protected and safe. It also made banks act cautiously with the money they were holding.This helped combat the depression by preventing another stock market crash. The FDIC is still in place today. -
Federal Housing Administration
Created by the Natioinal Housing Act. Still in affect today. Insures loans for homesmortgages and repairing homes. -
Works Progress Administration
WPA was part of the Second New Deal. It was headed by Harry Hopkins. Its purpose was to create as many jobs as possible as quickly as possible. Work was given in the area of construction, arts, theatre, and literary projects. Of the 8 million workers given jobs, most of them were unskilled. -
National Labor Relations Board (Wagner Act)
This act defined unfair working, which allowed workers to join unions and outlawed unioin-busting tactics by management. Wagner act was weakened by the Taft-Hartley Act of 1947. -
Social Security Administration
Created by Secretary of Labor Frances Perkins. Gave old age insurance to retirees 65 years or older. This helped combat the depression so people did not feel like they needed to keep working and retire later. It made retirement comfortable. Also gave aid to unemployed and dependent children or people with disabilities. Provided benefits to millions of Americans. Still in use today with most of the same guidlines. -
Food, Drug and Cosmetic Act
FDR eventually signed into this law in 1938. For the first time manufacturers were required to show that a drug was safe before it could be marketed. It also required them to list ingredients in all the products. This is still in effect today with food labels.
