This gave the president power to regulate banking transactions and foreign exchange and to reopen solvent banks. *Relief!
Agricultural Adjustment Act
This provided relief to famers by making available millions of dollars to help farmers meet their mortgages. *Relief!
Federal Emergency Relief Administration
This was Congress's first major effort to deal with the massive unemployment, and was led to by the Federal Emergency Relief Act. It granted about $3 billion to the states for direct relief payments. *Relief!
Federal Securities Act
This act requiried promoters to transmit to the investor sworn information regarding the soundness of their stocks and bonds. *Reform!
Glass-Steagall Banking Reform Act
This act allowed the Federal Reserve to regulate interest rates in savings accounts, but these and many other provisions to the act were repealed. *Reform!
Civilian Conservation Corps
This group provided employment for about 3 million men in government camps. They did work such as reforestation, fire fighting, flood control, and swamp drainage. *Recovery!
Home Owners' Loan Corporation
This act assisted many households that had trouble paying their mortgages. *Relief!
Civil Works Administration
This was a branch of the FERA that was designed to provide temporary jobs during the winter emergency. Thousands of unemployed were employed at leaf raking and other manual-labor jobs. *Relief!
Federal Deposit Insurance Corporation
This reform program, led to by the Glass-Steagall Reform Act, insured individual bank deposits up to $5,000, ending the epidemic of bank failures. *Reform!
Frazier-Lemke Farm Bankruptcy Act
It made possible a suspension of mortgage foreclosures for 5 years, but was struck down by Supreme Court. It also restricted the ability of banks to repossess farms. *Reform!
Indian Reorganization Act
This act encouraged Native American tribes to establish self-government and to preserve their native crafts and traditions. 77 tribes refused to organize under the law, while hundreds did organize. *Reform!
Works Progress Administration
This was the largest and most ambitious New Deal agency, employing millions of unskilled workers to carry out public works projects. *Recovery!
Social Security Act of 1935
This act provided for federal-state unemployment insurance. To provide security for old age, specified categories of retired workers were to receive regular payments from Washington. *Relief!
National Recovery Administration
This was designed to assist industry, labor, and the unemployed. Individual industries, through "fair competition" codes, were forced to lower their work hours so that more people could be hired; a minimum wage was also established. *Recovery!
Public Works Administration
This was intended for both industrial recovery and unemployment relief. The agency spent over $4 billion on thousands of projects, including public buildings and highways. *Recovery!
Soil Conservation and Domestic Allotment Act
This encouraged famers to reduce their crops. The reduction of crop acreage was now achieved by paying farmers to plant soil-conserving crops. *Reform!