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Period: to
First New Deal
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Emergency Banking Act
This act empowered the Treasury Department to monitor the banks, ensuring that they were fit to reopen fully. They utilized numerous categories to ensure that banks were operating properly. These categories ranged from determining if a certain percentage of deposits were being withdrawn to checking to make sure that unfit banks were closed down and monitoring banks overall. This act was created to reform previous economic policies and happened during the First New Deal. -
Civilian Conversation Corps
This agency focused on work relief, employing over 2 million unemployed men. They were sent to rural areas and subjected to military service, built reservoirs and bridges, and planted trees. This agency was created during the First New Deal. -
Agricultural Adjustment Administration
This recovery program was specifically for farmers and their purchasing powers to pre-WW1 levels. The federal government provided a domestic allotment for farmers to produce less and controlled the supply of basic crops like corn, tobacco, and milk. This happened during the First New Deal -
Tennessee Valley Authority
This program was created to bring electricity to the South and create jobs; it built hydroelectric power plants in seven southern states, providing cheap power. It was a relief program; it employed many unemployed men to build energy infrastructure. -
Electric Home and Farm Authority
This program, which worked with the Tennessee Valley Authority and the Rural Electrification Administration, helped Americans purchase electric appliances. It promoted electricity use in rural areas by financing electrical systems and appliances. It was used in a recovery sense for rural Americans. -
Period: to
Second New Deal
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Works Progress Administration
The WPA established a national work relief program through large-scale public works projects to employ unemployed people until the economy recovered. They built 850 airports, 651 thousand miles of road, and 110 thousand libraries, schools, and hospitals. This was open to men, women, and youths. It was the most ambitious work program of the First New Deal. -
Public Utility Holding Company Act
This recovery act was a US federal law giving the Securities and Exchange Commission authority to regulate, license, and dissolve electric utility holding companies during the Second New Deal. -
Wagner Act and the National Labor Relations Board
This act guaranteed the right to join and form an independent labor union and collective bargaining. The National Labor Relations Board established child labor laws, the right to a minimum wage, and guaranteed overtime pay. It was a reform act as it repealed many working acts before. -
Social Security Act
This relief act created a fund for old-age pensions, disabilities, and unemployment compensation. It was funded by a payroll tax on workers and employers; the act was administered by the Social Security Administration through state-federal cooperation. This was during the Second New Deal. -
Fair Labor Standards Act
This relief act established federal minimum wage, overtime pay, recordkeeping, and child labor standards for most private and public employees in the United States during the Second New Deal.