A | B |
This act forbade banks to invest in stock market; & also formed the FDIC to insure savings deposits.... | Glass-Steagall Act |
Built dams to provide cheap electric power to seven southern states; set up schools and health centers... | Tennessee Valley Authority |
Farmers were paid not to grow certain crops... | Agricultural Adjustment Administration (AAA) |
Gave relief to unemployed and needy... | Federal Emergency Relief Administration (FERA) |
Provided jobs to young men to plant trees, build bridges and parks, and set up flood control projects... | Civilian Conservation Corps (CCC) |
Set up a system of pensions for elderly, unemployed, and handicapped... | Social Security Act (SSA) |
FDR's program to combat the problems caused by the depression was called the... | New Deal |
Three goals of the programs of the New Deal... | relief for people who were suffering, recovery for the economy so it could grow again, reform measures to avoid future depressions |
Causes of the Depression... | rise in unemployment, stockmarket not regulated causing speculation, imbalance between rich & poor |
Temporary jobs provided to adults to replace direct relief systems, similar to a welfare system... | Works Projects Administration (WPA) |
Attempted to help businesses recover, set codes of fair competition - not liked by businesses & declared unconstitutional later on... | National Industrial Recovery Act (NRA) |
Provides funds for homeowners to help them keep their homes and not default on any loans that they might have outstanding... | Homeowners Loan Corporation (HOLC) |