2. All banks closed and no checks could be cashed
Unemployment rate 25%
Mortgages being foreclosed by ten of thousands
Farm prices had fallen in half
3. Helped banks, railroads, industry, farming
banking reform laws, work relief
programs, agricultural programs, and industrial
reform (the National Recovery Administration
NRA),and the end of the gold standard
4. Included labor union support, the Works Progress
Administration (WPA) relief program, the Social
Security Act, and other programs to help the
agricultural
Fair Labor Standards Act(which set maximum hours
and minimum wages for most categories of workers)
Supreme Court ruled several programs
unconstitutional
5. Most of the relief programs were shut down during
World War II by the Conservative Coalition
Many regulations ended during the deregulation in
the 1970s and 1980s
Several New Deal programs remain active like the
Federal Deposit Insurance Corporation (FDIC), the
Federal Crop Insurance Corporation (FCIC), the
Federal Housing Administration (FHA), and the
Tennessee Valley Authority (TVA).
The largest programs that still exist today are the
Social Security System, Securities and Exchange
Commission (SEC).
