Shared Flashcard Set

Details

Agencies of the New Deal
Agencies of the New Deal
8
History
11th Grade
03/31/2009

Additional History Flashcards

 


 

Cards

Term
FDIC
Definition

Federal Deposit Insurance Corporation,

 

A United States government corporation created by the Glass-Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank.

Term
AAA
Definition

Agricultural Adjustment Act

 

Restricted agricultural production during the New Deal era by paying farmers to reduce crop area. Its purpose was to reduce crop surplus so as to effectively raise the value of crops, thereby giving farmers relative stability again.

Term
NRA
Definition

National Recovery Administration

 

Created under the 1933 National Industrial Recovery Act, the NRA allowed industries to create "codes of fair competition," which were intended to reduce "destructive competition" and to help workers by setting minimum wages and maximum weekly hours. It also allowed industry heads to collectively set minimum prices.

Term
Social Security Act
Definition

Social Security Act

 

It was an attempt to limit what were seen as dangers in the modern American life, including old age, poverty, unemployment, and the burdens of widows and fatherless children. By passing this act, President Roosevelt became the first president to advocate the protection of the elderly.

Term
FERA
Definition

Federal Emergency Relief Act

 

FERA's main goal was to alleviate adult unemployment. In order to achieve this goal, FERA provided state assistance for the unemployed and their families. it gave states and localities $3.1 billion to operate local work projects and transient programs. It provided work for over 20 million people and developed facilities on public lands across the country

Term
TVA
Definition

Tenessee Valley Authority Act

 

federally owned corporation in the United States created to provide: navigation, flood control, electricity generation, fertilizer manufacturing, and economic development in the Tennessee Valley, a region particularly impacted by the Great Depression. The TVA's jurisdiction covers most of Tennessee, parts of Alabama, Mississippi, and Kentucky, and small slices of Georgia, North Carolina, and Virginia.

Term
SEC
Definition

Securities and Exchange Commission

 

an independent agency of the United States government which holds primary responsibility for enforcing the federal securities laws and regulating the securities industry, the nation's stock and options exchanges, and other electronic securities markets

Term
WPA
Definition

Works Progress Administration

 

the largest New Deal agency, employing millions of people and affecting almost every locality in the United States, especially rural and western mountain populations. Between 1935 and 1943, the WPA provided almost 8 million jobs.[2] The program built many public buildings, projects and roads and operated large arts, drama, media and literacy projects. It fed children and redistributed food, clothing and housing. Almost every community in America has a park, bridge or school constructed by the agency

Supporting users have an ad free experience!