Some Federal Agencies created during the Depression
The New Deal’s 3 “Rs” Each program was aimed at one of these… Relief - immediate help for unemployed and poor Recovery - restore the economy to normal levels Reform - long term changes to our financial system to prevent any more Great Depressions
Created in 1933 Provided work in National Parks and Forests Enrollees (18 to 25) Single From a family on relief Pass a physical exam Result: 3 million men helped ended with WWII. CIVILIAN CONSERVATION CORPS
Created in 1933 Employed 4 million people Paid $15 per week in construction jobs such as: Repairing schools Laying sewer pipes Building roads. Results: Roosevelt disbanded the program after less than a year. CIVIL WORKS ADMINISTRATION
Created by Glass-Steagall Banking Reform Act of 1933 Purpose: Restore confidence in banks and encourage savings Insured bank customers against the loss of up to $5,000 from bank failures Results: Still in existence, now protects deposits in banks up to $250,000 FEDERAL DEPOSIT INSURANCE CORP.
Created in 1933 Supported 5 million households Funded thousands of work projects for the unemployed Provided shots and literacy classes for millions of poor people Result: Moved into Social Security Act. FEDERAL EMERGENCY RELIEF ADMINISTRATION
Created in 1934 Purpose: To stimulate the building industry by providing small loans for home construction. Results: Still in existence today FEDERAL HOUSING ADMINISTRATION
The Wagner Act of 1935 Created the National Labor Relations Board Purpose: Protect the rights or organized labor to organize and collectively bargain with employers. Result: Still in place NATIONAL LABOR RELATIONS ACT "Police battle with striking truck drivers," Minneapolis, Minnesota, 1934
The National Industrial Recovery Act of 1933 Purpose: To promote economic recovery by Support good wages Restored competition. The NRA set business codes and quotas. Failed to stimulate industrial production In 1935 the Supreme Court declared the NIRA unconstitutional. NATIONAL RECOVERY ACT
Established by the NIRA in 1933 Over $4 billion was spent on 34,000 projects including: Public Buildings Highways Bridges Dams for water and power. Results; stopped for WWII, PUBLIC WORKS ADMINISTRATION
Created in 1934 Federal "watchdog" agency to protect public and private investors from Wall Street: Stock market fraud Deception and Insider manipulation Results: The SEC is still in existence SECURITIES AND EXCHANGE COMMISSION
Created in 1935 Purpose: Administer the following programs National pension fund for retired persons Unemployment insurance system Public assistance programs for dependent mothers, children, and the physically disabled. Pension financed by a payroll tax which began in Results: Still exists SOCIAL SECURITY ADMINISTRATION
Created in 1935 Employed 8.5 million Paid $2 a day Built roads, bridges, schools, post offices and other public construction projects. WPA's Arts Program employed thousands of unemployed writers, musicians, artists, actors, and photographers (Dorothea Lange) producing public projects ranging from murals to national park guidebooks Results: Stopped by WWII WORKS PROGRESS ADMINISTRATION
1933 Federal Deposit Insurance Corporation (FDIC) Farm Credit Administration Agricultural Adjustment Administration (AAA) Civilian Conservation Corps (CCC) Tennessee Valley Authority (TVA) Home Owner's Loan Corporation (HOLC) 1934 Federal Communications Commission (FCC) Securities and Exchange Commission (SEC) Federal Housing Administration (FHA) 1935 Social Security Board (SSB) Works Progress Administration (WPA) National Youth Administration (NYA) National Labor Relations Board (NLRB) 1937 Farm Security Administration (FSA) 1938 Federal Crop Insurance Corporation (FCIC) 1940 Civil Aeronautics Board (CAB) New Deal Programs TIMELINE