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FDR and the New Deal
FDR's programs
Question | Answer |
---|---|
Civilian Conservation Corps (CCC) | Employed young men to help the forestry service to plant trees, fight fires, etc. |
Public Works Administration (PWA) | Gave Billions to private contrators to hire the unemployed to build highways, bridges, dams, etc. |
Emergency Banking Act | Treasury Department issued licences only to banks they determined were financially sound |
National Inducstrial Recovery Act (NIRA) | Allowed business leaders to set up codes of fair competition |
Federal Deposit Insurance Corporation (FDIC) | Provided government insurance for deposits by private citizens. |
Home Owners' Loan Corporation (HOLC) | Bought mortgages of homeowners that were behind in their payments and restructured their payments. |
Securities and Exchange Commission (SEC) | Regulated the stock market to preven fraud |
Works Progress Administration (WPA) | Government spent over $11 Billion on highways, roads, parks, airports, etc., employing over 8.5 million |
Social Security Act | Included monthly retirement benefits at age 65 and unemployment insurance while looking for a new job |
Agricultural Adjustment Administration (AAA) | Paid farmers NOT to raise crops to stop overproduction and raise crop prices |
Farm Credit Administration (FCA) | helped millions of farmers refinance their land payments |
Civil Works Administration (CWA) | Govt. directly hired unemployed to build roads, schools, parks, etc. Over 4 million employed |