New Deal Legislation

By Fiona Kirkland

Main

Farm Credit association

1933

Helps farmers refinance mortgages

Home Owners Loan Corporation

1933

Bought the mortgages of many homeowners who were behind in their payments. They then reconstructed them with lower interest rates and with longer terms of payment

Civilian Conservation Corps (CCC)

March 1933

Employed single men, ages 18-25, for natural resource conservation

Tennesee Valley Authority (TVA)

May 1933

Built hydroelectric plants and dams aimed at improving seven southern states and attracting industry to the south

Agricultural Adjustment Act (AAA)

May 1933

Reduced agricultural surplus and raised prices for struggling farmers

Federal Emergency Relief Administration (FERA)

May 1933

Granted federal money to state and local governments to be used to help the unemployed

National Recovery Administration (NRA)

June 1933

Controlled industrial production and prices with industry-created codes of fair competition

Banking act

June 1933

Strengthened the Federal Reserve

Public Works administration (PWA)

June 1933

Provided employment in construction of airports, parks, schools, and roads

Federal Deposit Insurance Corporation (FDIC)

June 1933

Guaranteed bank deposits up to $2,500

National Industrial Recovery act

June 1933

Suspended antitrust laws and allowed business, labor, and government to cooperate in setting up voluntary rules for each industry

Civil Works administration (CWA)

November 1933 - 1934

Provided employment in construction of airports, parks, schools, and roads

Securities and Exchange Commission (SEC)

June 1934

Regulated the stock market to avoid dishonest practice

Public Utility Holding Company Act

1935

Eliminated unfair practices and abuses of utility companies

Works Progress Administration (WPA)

January 1935

Combated unemployment; created jobs throughout economy

Resettlement Act

April 1935

Assissted poor families and sharecroppers in beginning new farms or purchasing land

Rural Electrification Administration (REA)

May 1935

Brought electricity to isolated agriculteral areas

Social Security Act

August 1935

Created unemployment system, disability insurance, old-age pension, and child welfare benefits