New Deal Laws

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1
Emergency Banking Relief Act of 1933
US treasury inspects country banks
Good banks stay open and bad ones stay closed
Relief
2
Glass-Steagall Act of 1933
Created FDIC (Federal Deposit Insurance Corporation)
Federal insurance for banks (if banks lose money, customers will get it back somehow)
3
Federal Securities Act of 1933
Companies are liable for all the stock information and must pay for lying.
4
Securities and Exchange Commission (SEC) of 1934
Regulated stock market and restricted margin buying
Prevented insider info from getting leaked
5
21st Amendment
Repeal of Prohibition
6
TVA (Tennessee Valley Authority)
New Deal program created in 1933
Provides flood control, electricity, and job opportunities
7
Home Owners Loan Corporation (HOLC)
Provided lones at low interest for small homes to prevent foreclosures
8
Federal Emergency Relief Administration (FERA) of 1933
Gave \$500 million in relief to unemployed and needy, funded new job opportunities
9
Agricultural Adjustment Act (AAA)
Pays farmers to leave a certain amount of their land unplanted
Lowers production and increases prices
10
Civilian Conservation Corps (CCC) (1933)
3 million men (between 18-25) hired to work on public projects -Planting trees to reforest areas
-Building levees for flood contro
-Improving national parks
-Men only keep \$5, \$25 sent back to family.
11
Public Works Administration (PWA) of 1933
Funded government projects made by the states
Ineffective for unemployment
12
National Recovery Administration (NRA) of 1933
Established codes of business competition
Set price caps
Wage/work time laws
13
Soil Conservation and Domestic Allotment Act of 1936
Replaced the AAA in which farmers were paid to cut production of soil depleting crops and they were also given rewards for practicing good soil conservation methods. (Recovery)
14
Agricultural Adjustment Act of 1938
Limited crop production through agricultural subsidies (Recovery)
15
Works Progress Administration of 1935
New Deal agency that helped create jobs for those that needed them. It created around 8 million jobs working on bridges, roads, and buildings. (Recovery)
16
National Youth Administration (NYA) of 1935
Created specifically to provide education, jobs, counseling, and recreation for young people. (Recovery)
17
Wagner Act of 1935
(National Labor Relations Act) gives workers the right to organize a union and bargain with management. (Reform)
18
Fair Labor Standards Act
1938 act which provided for a minimum wage and restricted shipments of goods produced with child labor. (Reform)
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