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FDR signs the Emergency Banking Relief Act which helped to stabilize the nation’s banking problem. They payed closer attention to individual banks to analyze the problem more closely. This was a relief act that was part of the first new deal.
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The CCC gave over 3 million unemployed men jobs in conservation projects. This was a relief effort during the first new deal. -
The Agricultural Adjustment Administration's goal was to boost agricultural prices by reducing surpluses. The government paid farmers for their livestock and not to plant on government land. This was both a recovery and a relief effort that took place in the first new deal. -
The Tennessee Valley Authority (TVA) was created to put a handle on floods, make the lives of farmers easier, bring power along the Tennessee River. This was a reform agency during the first new deal. -
The PWA was an agency that employed millions of unemployed men to work on public projects such as vessels and roads. FDR gave around $238 million to fund the Navy. 32 naval vessels were built that played major roles in WWII. This is both a recovery and relief agency that was created during the first new deal
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The SEC was created to control securities transactions on the secondary market, after issue, gave clearer financial transparency with less fraud and manipulation. The SEC is still alive today and one of the only alphabet agencies alive today. This is a reform agency and was created in the first new deal. -
Unemployment is down to only 14% (which is 22.9% lower than the start of FDR's presidency). There are only 25 bank failures compared to the 14,807 from 1921-1933.
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FERA's main goal was to lower unemployment rates by creating new unskilled jobs in local and state government. FERA also granted $3 billion to states for cash relief at the ready, and kept many cities from going bankrupt. This was a relief act from the Second New Deal.
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The social security act is arguably one of the best programs of the Second New Deal, the law created an old age pension system and other social safety net programs that have been a rock of economic security for Americans ever since. This was a relief act in the Second New Deal -
The act gave the board of governors full control on all financially related decisions. The act authorized the Board to set reserve requirements and interest rates for deposits at member banks. The act also provided the Board with additional authority over discount rates in each Federal Reserve district. This was both a recovery and reform act during the Second New Deal.
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The Rural Electrification Act provided that loans be made for generating plants, electricity, and power lines and for the installation of electrical and plumbing appliances in homes in rural areas. This was a recovery act during the Second New Deal. -
The Robinson Patman Act was a law passed that targeted preventing price discrimination. This was a reform act during the Second New Deal