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This Act is a polocy of Congress, It was established in 1933. This was a program to restore agricultural prosperity by curtailing farm production, reducing export surpluses, and raising prices. It was sucsesfull but the Supreme Court declared in unconstitutinal in 1936.
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Insured Loans for building and repairing homes.
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Distributed millions of dollars of direct aid to unemployed workers seeking money. This Act is still affecting todays citizens.
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Loaned Money at low intrest to homeowners who could not meet mortgage payments. This is still in effect today.
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Created Federally insured bank deposits (2500$ per investor at first) to prevent bank faluries. This Act has grown to provide insurance for all bank deposits up to 250,000$ today.
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Regulated the stock market and restricted margin buying.
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Response to critics, it provided pensions, unemployment insurance, and aid to bind, deaf, disabled and dependent children.
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Encouraged farmers to join cooperatives to bring electricity to farms. Despite its effort, by 1940 only 40% of American farms were electrified.
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Defined unfair labor practices and established the National Labor Relations Board (NLRB) to settle disputes between employers and employees.
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Provided part time employment to more than two million college and high school students. It is not in effect today.
