The New Deal

Emily O'Hare, Lily Chambers, Erica Sims

The New Deal

The New Deal was a series of economic programs created by Congress during a period of depression from 1933 to 1936.. These programs were aimed to bring Relief, Recovery, and Reformation.It brought relief for the unemployed and poor, recovery of the economy, and reform of the financial system to prevent a relapse of the Great Depression. These laws and regulations affected banking, the stock market, industry, agriculture, public works, relief for the poor, and conservation of resources.


NRA

The National Recovery Administration encouraged business to end child labor and set a minimum wage. The NRA also tried to set up codes to govern prices and other practices for every industry. Hugh Johnson, held a campaign to promote the agency. Very shortly after, a blue eagle represented the agency and along came a slogan “ We Do Our Part , which started appearing everywhere. The National Industrial Recovery Act created the NRA. The purpose of the NRA was to stimulate the economy during the Great Depression


AAA

The American people the Agricultural Adjustment Act (AAA), provided funding to farmers to increase their production. The AAA was a plan to raise farm prices. It used money from a new tax plan to pay farmers to only grow a certain crop that would make production very low, creating high prices on farm goods such as all meats and vegetables, covering most of the daily diet of an american citizen.

FERA

The FERA was led by Harry Hopkins. This sent funds to local decreasing relief agencies. Within two hours, five million dollars were given out. He believed that men should be put to work and not given charity. This also funded public work programs to provide jobs and necessities for the working class.

PWA

The Public Works Administration was a program created by the NIRA. The purpose of this program was to help the economy through building large public work projects that required a big group of workers. This agency hired people to construct roads, hospitals, shipyards, city halls, and schools. Many of the PWA projects still stand today. Even though the PWA spend its funds, it did not have immediate impacts on unemployment.

FDIC

The Federal Deposit Insurance Corporation(FDIC) was established by Congress. The purpose of this program was to avoid future banking crises, and to insure bank deposits. All money that was placed into the FDIC is guaranteed by the government not to lose the money placed in the bank, even if the bank failed.


SEC

The Securities and Exchange Commission(SEC) was a program passed by Congress regulating the sale of stocks and bonds. The government gave the SEC power to punish dishonest stock brokers and speculators.

CCC

The Civilian Conservation Corps (CCC) was created by President Roosevelt in 1933. This was created to make projects that benefited the public. The CCC employed almost 3 million men to work on projects such as planting trees to reforest areas, build levees for flood control, and improve national parks. Not only was this created to benefit the society, but it gave jobs to young, unemployed men who needed to provide for their families. Although the CCC was very popular, it was never made a permanent agency. By 1942, the need for easy employment and work relief was declining, so congress decided to close the program.

TVA

The Tennessee Valley Authority (TVA) was created in 1933 to control flooding, promote conservation and development, and to bring electricity to areas along the Tennessee River. In order to end the region's disastrous floods, the TVA built new dams and improved others. This organization also created hydroelectric power that would generate affordable electricity, wiring electricity to thousands of farms and homes in Southern states. Many critics said that the funds for the TVA should have instead been used to fund nation wide programs instead, and power companies said the program was unfair and communistic. These critics were proved wrong when in 1937, the dams prevented the spring rain from flooding the Tennessee River.