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It provides deposit insurance guaranteeing the safety of a depositor's accounts in member banks up to $250,000 for each deposit ownership category in each insured bank.
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It authorized the President to regulate industry in an attempt to raise prices after severe deflation and stimulate economic recovery.
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Its goal was to eliminate "cut-throat competition" by bringing industry, labor and government together to create codes of "fair practices" and set prices.
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The Security and Exchange Commission has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation.
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It sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building.
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It was the largest and most ambitious American New Deal agency, employing millions of unemployed people (mostly unskilled men) to carry out public works projects, including the construction of public buildings and roads.
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It is charged with conducting elections for labor union representation and with investigating and remedying unfair labor practices.
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The Act provided benefits to retirees and the unemployed, and a lump-sum benefit at death.
