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The EBA part of the First New Deal and was primarily a relief act, with some aspects of recovery. It started the National Bank Holiday, closing all the banks, allowing the federal government to inspect and reopen them. The Secretary of the Treasury could now provide banks with additional capital. It provided immediate relief and helped the banks recover from the bankruptcy. -
The CCC was a First New Deal relief act, providing jobs for the homeless. These new jobs were mainly public work, improving the community: building railroads, roads, and planting trees. Along with the job, the workers received free medical care, food, and housing.
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The AAA was part of the First New Deal and was mostly a recovery act, helping to stabilize the agricultural economy. Farmers were paid to produce less crops to increase the prices of crops, returning to pre-WWI prices.
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The TVA is a reform act that's part of the First New Deal. It started the construction of dams for cheaper electricity, and helped in the prevention of floods. It also provided electricity to rural areas, promoting growth.
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The SEC was part of the First New Deal and was mainly a reform act. It revolutionized the stock market through extensive regulation, and it prevented buying stocks on margin. It makes stock crashes much more unlikely and have much less impact. -
Second New Deal
This act aimed to employ unemployed until the economy recovered. It established a national work relief program with large-scale public projects and employed 8 million people to build airports, roads, libraries, schools, and hospitals. Congress appropriated $5 billion for this act. This act provided major relief to America. -
Second New Deal
This act guaranteed the right to join and form an independent labor union and collective bargaining. It is considered the Magna Carta for labor. It prohibits employers from interfering with union activities. This was an act that brought reform to America. -
Second New Deal
This act created a fund to provide for old-age pensions, disabilities, and unemployment compensation. It was funded by a payroll tax on employees and employers. It was administered through state-federal cooperation and provided pensions for Americans at age 65 and payments for blind, handicapped, and needy children. This act provided relief to the elderly and was a major reform. -
Second New Deal
This was a U.S. law that enacted a progressive tax structure with higher rates for people with high incomes to fund FDR's New Deal programs. It increased income and inheritance taxes on wealthy people and corporations. This act was a major federal tax reform of the New Deal and helped generate revenue and address wealth inequality. -
Second New Deal
This established child labor laws and the right to a minimum wage. It also guaranteed overtime pay for time and a half for over 40 hours a week. It ensured laws that employers must follow and was an act that helped American with recovery and some relief.