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Emergency Banking Relief Act (EBRA)
This act was passed in an attempt to stablize banking during the great depression. People were withdrawing their money from the bank like mad men and that caused more problems with the economy and trust in banks and government. This act closed all banks for four days allowing them to regroup, as well as allow the government to investigate worthy banks to supply money too. This act lasted about 4 days, according to my textbook, The Americas. -
Federal Emergency Relief Administration (FERA)
The Federal Emergency Relief Administration was the new name Roosevelt gave to the Emergency Relief Administration. This agency gave/loaned money to states to operate relief programs. It gave money directly to the unemployed and hence they bought stuff and it put money back into the economy. This act according to The University of Washington, by 1935 FERA distributed $3.1 billion and created 20 thousand jobs. -
Agricultural Adjustment Administration (AAA)
This act reduced agricultural production by paying farmers not to plant on part of their land and to kill off extra livestock. Its purpose was to reduce crop surpluss and therefore raise the value of them hence helping the economy. Many people had mixed feelings about this at the time. However, it worked out well because it raised the price of crops again, which farmers loved! -
Federal Housing Administration (FHA)
The Federal Housing Administration (FHA) is a U.S government agency created as part of the National Housing Act of 1934. It sets standards for construction as well as gave government insured loans. This was a huge deal at the time since the government was involved in banking. -
Rural Electrification Administration (REA)
The REA provided farms with inexpensive electric lighting and power. To achieve this the administration made long-term loans to state and local governments, to farmers' cooperatives, and to nonprofit organizations; no loans were made directly to consumers. This expanded rural living. -
National Youth Administration (NYA)
The National Youth Administration (NYA) was a New Deal agency in the U.S that focused on providing work and education for Americans between the ages of 16 and 25. It operated from June 26, 1935 to 1939 as part of the Works Progress Administration (WPA). It provided paid jobs for three million unemployed men and women, as well as youth. This got a lot of young people employed, at a younger age and in my opinion normalized teenage workers. -
National Labor Relations Board (Wagners Act)
The National Labor Relations Board (NLRB) is an independent agency in the U.S government that protected collective bargaining rights for Unions. What this means is it acted as an arbiter between employers and employees. -
Social Security Administration
The SSA administers Social Security, a social insurance program consisting of retirement, disability, and survivors' benefits. Social Security benefits are based on earnings of the covered workers. The Social Security Administration keeps track of all income earned by all American workers. This allowed people to somewhat trust in the governs men and banks again which was hugely important since after the economy crashed many lost trust and started horsing money in there homes. -
Banking Act of 1935
The Banking Act of 1935 addressed the issues from Banking Act of 1933 and related them to the depression The US was going through at the time. In response to the depression era closure of banks the 1935 Banking Act made the FDIC permanent. -
United States Housing Authority (USHA)
This act was designed to lend money to states or communities for low-cost construction. This agency had overseen the nation's controversial, federally subsidized, low-income public housing program. However, it did little to adress the housing needs of the poor, most of the time including african americans. This act mad housing more affordable for people during this time!
