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FDIC
Federal Deposit Insurance Corporation (FDIC), independent U.S. government corporation created under authority of the Banking Act of 1933 (also known as the Glass-Steagall Act), with the responsibility to insure bank deposits in eligible banks against loss in the event of a bank failure and to regulate certain banking practices. It was established after the collapse of many American banks during the initial years of the Great Depression. -
NIRA
National Industrial Recovery Act, U.S. labour legislation (1933) that was one of several measures passed by Congress and supported by Pres. Franklin D. Roosevelt in an effort to help the nation recover from the Great Depression. The National Industrial Recovery Act (NIRA) was an unusual experiment in U.S. history, as it suspended antitrust laws and supported an alliance of industries. -
EBA
Emergency Banking Relief Act: Franklin D Roosevelt (FDR) was the 32nd American President who served in office from March 4, 1933 to April 12, 1945. One of the important events during his presidency was the The Emergency Banking Relief Act (EBA) was passed on March 9, 1933 to prevent massive withdrawals from banks, referred to as a 'run on the bank' during the banking crisis and the period of economic reform during the Great Depression. -
SEC
On June 6, 1934, President Franklin D. Roosevelt signed the Securities Exchange Act, which created the SEC. This Act gave the SEC extensive power to regulate the securities industry, including the New York Stock Exchange. It also allowed them to bring civil charges against individuals and companies who violated securities laws. -
F/HUB
Federal Housing Administration (FHA), agency within the U.S. Department of Housing and Urban Development (HUD) that was established by the National Housing Act on June 27, 1934 to facilitate home financing, improve housing standards, and increase employment in the home-construction industry in the wake of the Great Depression.
FHA insures mortgages on single family homes, multifamily properties, residential care facilities, and hospitals. -
NLRB
The NLRB was created in 1935 to enforce the National Labor Relations Act, which reinforced the rights of employees to bargain collectively. The primary duties of the board over the years have been to ensure workers’ desires to form unions, and to prevent and remedy unfair labor practices, whether committed by labor organizations or businesses. -
SSA
The Social Security Act (SSA) was in keeping with his other “New Deal” programs, including the establishment of the Works Progress Administration and the Civilian Conservation Corps, which attempted to hoist America out of the Great Depression by putting Americans back to work. -
WPA
President Franklin D. Roosevelt created the WPA with an executive order on May 6, 1935. It was part of his New Deal plan to lift the country out of the Great Depression by reforming the financial system and restoring the economy to pre-Depression levels.
The unemployment rate in 1935 was at a staggering 20 percent. The WPA was designed to provide relief for the unemployed by providing jobs and income for millions of Americans.
