New Deal and Second New Deal
By Avery Green
Franklin D. Roosevelt
When the US had hit its worst ever they were electing a new president. Everyone thought the economy would never get better or worse then it already was. But not Franklin though and here he is now with his smart and cleaver ways of solving the nations economic troubles.
New Deal
The New Deal was president Franklin D. Roosevelt's creating of new policies and government agencies, to help people suffering from the great depression.
FDIC
Federal Deposit Insurance Corporation. Which was a act that insured bank deposit of up to 5,000 dollars.
CCC
Civilian Conservation Corps was a public relief program that helped young men find jobs, and provide for their families back home. They were provided with shelter and food.
NIRA
For the president to run the industry in a attempt to raise prices after the big drop in economy so he could stimulate and get it economy running again.
HOLC
Home Owner Loan Association is were they help you pay the mortgage on the home you live in. As long as it is less then 20,000 dollars.
AAA
Agriculture Adjustment Act they sought to stop overproduction and raise crop prices. Paying Farmers subsides not to kill off livestock or crops.
TVA
Tennessee Valley Authority Built a series of dams in the river to control floods and to generate electric power.
The Second New Deal
The Second New Deal is just more polices continuing off of the first New Deal. It addressed the elderly, poor, and the unemployed.
WPA
Works Progress Association was a program were the government gave 5 billion dollars to new jobs and thus this was created.
SSA
Social Security Act was unemployment insurance for workers who lost their jobs. It also gave insurance to those victim of work related accidents.
USHA
United States Housing Authority made construction of home cheaper by providing low-cost affordable loans.
NYA
National Youth Administration which trained and provided jobs and counseling for unemployed youth between the ages of 16 & 25
Banking Act 1935
Finalized the creation of the FDIC and made insurance bank deposits permanent. Also created a board to regulate the nations money supply and interest loans.
FLSA
The Federal Labor Standard Act which outlawed child labor and made the minimum work week set at 44 hours for people.
FEC
Full Employment Council it is just like the unemployment of people during the depression. They are a organization that help the unemployed find jobs.
Hour Work Week
The hourly work week has also changed from being 44 hours to now 40 hours. Which has keep business steady and people also get more time to spend with their families.
SEC
Securities Exchange Committee regulate stock and control prices on people and bank transactions.
Wic
Women, Infant, and Children a federal grants for family who cant afford it themselves.
FCIC
The federal deposit is still around it just changed its name to the federal crop.
FHA
Federal Housing Administration is still around bettering kc.