1. Relief - Immediate action taken to halt
the economies deterioration.
2. Recovery - "Pump - Priming"
Temporary programs to restart the flow of consumer demand.
3. Reform - Permanent programs to avoid
another depression and insure citizens against economic disasters.
Relief Immediate action taken to halt the economies
deterioration. |
Recovery "Pump - Priming" Temporary programs to
restart the flow of consumer demand. |
Reform Permanent programs to avoid another depression and
insure citizens against economic disasters. |
Bank Holiday Declared so that the panic would be stopped. |
Agricultural Adjustment Act (AAA) Taxed food processors and gave the money directly to
farmers as a payment for not growing food. This decreased supply so price
would go up. |
Securities & Exchange Commission (SEC) Permanent Agency set up to monitor stock market
activity and ensure that no fraud or insider trading was taking place. |
Emergency Banking Act Closed the insolvent banks and only reopened the
solvent ones. |
National Industrial Recovery Act (NIRA) Created the NRA (National Recovery Administration) a
consortium of businesses organized by the government and given the power to
set rules and regulations for the economy. Members of the NRA displayed a
blue eagle. |
Federal Deposit Insurance Corporation (FDIC) Permanent Agency designed to insure depositors money in savings banks. Originally insured up
to $5,000 per depositor today it has increased to $100,000. |
Federal Emergency Relief Act (FERA) Gave immediate help to those that needed it in the
form of cash payments. |
Home Owners Loan Corp. Gave loans to home owners so they could pay their
mortgages. This prevented people from going homeless and prevented banks from
going under. |
Social Security Administration Permanent agency designed to ensure that the older
segment of society always would have enough money to survive. The key here is
that they would then also be able to spend throughout their lives. |
Civil Works Administration (CWA) Provided temporary jobs repairing roads and bridges. |
Works Progress Administration (WPA) Provided long term government jobs building schools
and other public works projects. |
National Labor Relations Act and National Labor
Relations Board (NLRA/NLRB) Otherwise known as the Wagner Act it helped unions
and thus helped workers. This acted created the NLRB (National Labor
Relations Board) which enforced labor law and made sure that fair business
practices where upheld. |
Civilian Conservation Corps (CCC) Temporary jobs to unmarried single adults filling
sand bags and helping out at disaster type situations. Participants lived in
barracks type housing. |
Agency created to build dams in the |
Soil Conservation Act Laws mandating proper soil maintenance to make sure
that another dust bowl was
avoided. |