The New Deal

By abbiel117

  • The Hundred Days

    During the Hundred Days, Congress passed 15 major acts to resolve the economic crisis. These programs came to be known as the First New Deal

  • The Emergency Banking Relief Act

    This act required federal examiners to survey the nation's banks and issue Treasury Department licenses to those who were financially stable.

  • Home Owners' Loan Corporation

    This bought the mortgages of home owners who were behind in their payments. Then, it restructured the loans with longer repayment terms and lower interest rates.

  • The Federal Deposit Insurance Corporation

    It provided government insurance for bank deposits. It also increased public confidence in the banking system.

  • The Securities and Exchange Commision

    This was created to regulate the stock market and stop fraud.

  • The National Labor Relations Board

    It organized factory elections by secret ballot to determine whether workers wanted a union.They could also investigate employers' actions and stop unfair prices.

  • The Social Security Act

    It provided some financial security for older Americans, unemployed workers, and others. We still use this today.

  • United States Housing Authority

    This organization received $500 million to subsidize loans to builders willing to construct low-cost housing.