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U.S. History - FDR & New Deal programs

AB
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)



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