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New Deal

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Published in: Economy & Finance, Business

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Transcript

  • 1. New Deal Agencies: Relief, Reform, Recovery
  • 2. Civilian Conservation Corps (CCC)
    • The CCC gave relief to young, unmarried men by giving them jobs on conservation projects
    Relief Reform Recovery
  • 3. Works Progress Administration (WPA)
    • The WPA provided an opportunity for relief for the unemployed by creating jobs in construction and by funding artists and musicians
    Relief Reform Recovery
  • 4. Public Works Administration (PWA)
    • The PWA was part of the National Industrial Recovery Act, which was responsible for launching projects and public works programs
    Relief Reform Recovery
  • 5. National Recovery Administration (NRA)
    • The NRA tried to help the nation’s economy recover by setting up fair business and labor practices; criticism and complications soon followed
    Relief Reform Recovery
  • 6. Federal Deposit Insurance Corporation (FDIC)
    • The FDIC brought reform to banks by insuring the bank deposits up to $5,000
    Relief Reform Recovery
  • 7. Agricultural Adjustment Administration (AAA)
    • The AAA brought recovery to farmers by using subsidies to lower farm production and raise crop prices
    Relief Reform Recovery
  • 8. National Labor Relations Board (NLRB)
    • The NLRB helped to reform business practices by creating a minimum wage and instituting collective bargaining
    Relief Reform Recovery
  • 9. Securities and Exchange Commission (SEC)
    • The SEC began to regulate and reform the stock market by protecting investors from fraudulent or dishonest trading practices
    Relief Reform Recovery
  • 10. Social Security Administration (SSA)
    • The SSA brought reform to the country by providing pensions, disability payments, and unemployment benefits
    Relief Reform Recovery
  • 11. Tennessee Valley Authority (TVA)
    • The TVA brought recovery to the South by creating jobs and reactivating a hydroelectric power plant to provide cheap power
    Relief Reform Recovery
  • 12. Important New Deal Facts
    • There were actually TWO New Deals:
      • First New Deal (‘33)
      • Second New Deal (‘35)
        • Response to critics who said FDR alienated ordinary Americans
        • Second New Deal included more social welfare benefits, more business controls, and stronger support for unions
  • 13. The End