The New Deal
By: Zach Holmes, Priscilla Denis, Ariana Yang
Intro
Programs
The Farm Credit Administration (FCA)
The Farm Credit Act of 1933 was part of President Franklin D. Roosevelt New Deal, to help farmers refinance mortgages over a longer time at below-market interest rates at regional and national banks. (wikipedia)
The National Recovery Administration (NRA)
The NRA helped the National Recovery Act in 1933, which gave presidents permission to institute wide codes to eliminate unfair trade practices.
The Home Owners’ Loan Corporation (HOLC)
3 Impacts:
FDR didn’t totally negate the Great Depression but left major impact and reform for the government and culture of America he did this by balancing the power of the Presidency and Congress shifted with the President gaining a lot of power.
The New Deal established welfare state programs such as Social Security and the Tennessee Valley Authority which was a federally owned corporation in the U.S. created in 1933 to provide navigation, flood control, electricity generation, fertilizer manufacturing, and economic development. This impacted people substantially because it gave them leeway on performing certain actions they weren’t capable of doing before related to these terms.
- This deal also strengthened the Democratic Party, giving it more power.