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Federal Deposit Insueance Commision
The Federal Deposit Insurance Corporation (FDIC) is the U.S. corporation insuring deposits in the United States against bank failure. The FDIC was created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking practices. -
Glass Steagall Banking Act
The Glass-Steagall Act, also known as the Banking Act of 1933 was passed by Congress in 1933 and prohibits commercial banks from engaging in the investment business. It was enacted as an emergency response to the failure of nearly 5,000 banks during the Great Depression. -
Security and Exchange Commission
The 1934 Act also established the Securities and Exchange Commission (SEC), the agency primarily responsible for enforcement of United States federal securities law. Companies raise billions of dollars by issuing securities in what is known as the primary market. -
Federal Housing Authority
The Federal Housing Administration (FHA) is a United States government agency created in part of the National Housing Act of 1934. It sets standards for construction, underwriting, and insures loans made by banks and other private lenders for home building. -
Works Progress Administration
The Works Progress Administration (renamed in 1935 as the Work Projects Administration; WPA) was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads. -
National Labor Relations Board
The National Labor Relations Board (NLRB) is a federal organization that oversees the establishment and conduct of union organizations as well as the conduct of businesses involved with unions. It gives employees the right to organize and bargain collectively with their employers, as well as the right not to organize. -
Social Security Act
A law enacted by President Franklin D. Roosevelt in 1935 to create a system of transfer payments in which younger, working people support older, retired people. It has cushioned the risks of life and living in our industrial age for millions and millions of our fellow citizens. It has shored up the floor of our economic structure, and it has contributed enormously toward tempering the impact of depressions and converting them into relatively mild recessions. -
Fair Labor Standards Act
The Fair Labor Standards Act (FLSA) is a federal law which establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments.
