1. No warm-up…too much to do!

2. HOLC Home Owners Loan Corporation
Bought the mortgages of many homeowners who were behind in their payments-restructured them with longer terms of repayment and lower interest rates
Example: Mortgage=150,000
So people had to pay 1500 every month at 3% interest rate
NOW, people have to pay 900 a month at 1.5% interest rate

3. FDIC Federal Deposit Insurance Corporation
Created to insure bank deposits in the event of bank failure-regulated banking practices to protect the deposit-holder
$250,000

4. FERA Federal Emergency Relief Administration
Distribute $500 million in direct relief to state and local relief agencies

5. CWA Civil Works Administration
Provided employment in construction of airports, parks, schools and railroad-put the WPA into action

6. WPA Works Progress Administration
Created a massive labor army out of the unemployed
(11 million unemployed in million put to work from WPA) cost 11$ billion
Roads, public buildings, bridges, parks and airports
Was the largest and most ambitious New Deal agency, employing millions to carry out public works projects, including the construction of public buildings and roads, and operated large arts, drama, media, and literacy projects. It fed children and redistributed food, clothing, and housing. Almost every community in the United States had a park, bridge or school constructed by the agency

7. AAA Agricultural Adjustment Act
Created to address the problems of farmers (overproduction and low prices)
Gave subsidies to farmers who curtailed their production (stop producing! In turn we will PAY you to stop producing, so farmers don’t get worried about losing money)

8. CCC Civilian Conservation Corps Employment to young unmarried men
Planted trees, built flood barriers, fought forest fires and maintained forest roads and trails
(3 million employed)

10. PWA Public Works Administration
Stimulate economic recovery through public construction programs
Courthouses, hospitals, schools, libraries, bridges, tunnels, roads, highways, dams, levees and even navy ships-not as successful
3.3 billion devoted to public works

11. TVA Tennessee Valley Authority
Brought electricity, flood control, and improved navigation and living conditions to the Tennessee Valley (7 states)
Publicly funded development and cheap electricity spurred industrial growth and helped bring the region out of poverty

12. RFC Reconstruction Finance Corporation
Designed to provide financial aid to railroads, financial institutions and business corporations
Expanded to provide aid to agriculture and to finance state and local public works

13. NIRA/NRA National Industrial Recovery Act
Created a massive program of public works, guaranteed workers the right to bargain collectively, established codes of fair practice and trade, and created the NRA to carry them out
Individual businesses' participated in. Businesses that followed the industry-wide "codes" could display the "Blue Eagle" the NRA symbol. Additionally the government urged consumers to boycott businesses that did not have the Blue Eagle.

14. FCA Farm Credit Administration
Created to regulate, coordinate and examine the institutions belonging to the Farm Credit System
Reform

15. SSA Social Security Act
Created a permanent old-age pension for retired workers; later it would be extended to include dependents, the disabled, and other groups

16. SEC Security and Exchange Commission
Created to end dishonest and unethical manipulations of the stock market
Banned insider trading, required full and honest disclosure on the sales of stocks, and regulated their exchange

17. NLRA/NLRB National Labor Relations Administration/Board Wagner Act
Principle labor relations law between employers and workers in all private businesses-seeks to settle differences between them
Prevented unfair practices by unions and employers