The New Deal
What is the New Deal and what organizations came from it?
The New Deal
The New Deal was a huge success. It put people who could not work into jobs, it helped those who were unable to work, it stabilized the stock market and greatly strengthened the banking systems. Although it did not bring America out of the great depression, it greatly improved the economies structure.
Organizations
PWA
1933-1941, The PWA stands for Public Works Administration; it provided jobs working in public work projects.
CCC
The CCC (Civilian Conservation Corps) was designed in 1933 to conserve the environment and to create better citizens through hard work and discipline. It got many people out of unemployment through jobs such as flood control, soil conservation, and wildlife and plant life protection. These people were payed with training for other jobs, $30 dollars a week, a room to live in, and other essentials.
TVA
The TVA (Tennessee Valley Authority) was created in 1933 to use the power of the Tennessee River to give power to the regions in the U.S. that are not yet developed. The TVA was one of the most successful programs in the New Deal because it started hydroelectric power in the United States and it improved economic and industrial growth through the government.
F.E.R.A
F.E.R.A was a large scale public works construction agency. They built bridges, schools dams, and hospitals.
A.A.A
The A.A.A or the Agriculture Administration Act restricted agriculture production by paying farmers subsidies not to plant on certain parts of their land also it included killing any excess livestock.
F.D.I.C
The F.D.I.C or Federal Deposit Insurance Corporation, was made in 1933 and is still functioning today. The FDIC provides insurance to depositors in banks. They did this to increase and keep confidence in the banks. It would pay depositors up to $100,000 in the case that there was a bank failure.
S.E.C
The S.E.C. or the Securities and Exchange commission, is an agency that was made in 1934 through present day. This was made to control the stock exchange and ensure the investor’s protection. It would protect the public’s investment in stocks.
N.R.A
The N.R.A or National Recovery Administration group was made to eliminate the competition by bringing big industry workers and government together to create codes of fair practices.