The New Deal Fights the Depression FDR’s Alphabet Soup Federal Program Emergency Banking Relief Act (EBRA) Glass-Steagall Banking Act of 1933 Federal Securities Act STOCK MARKET National Industrial Recovery Act (NIRA) Agricultural Adjustment Act (AAA) Tennessee Valley Authority (TVA) What was its immediate purpose? Inspection of banks Establish the FDIC (Federal Deposit Insurance Corp.) Established the Securities and Exchange Commission (SEC) Required companies to provide information on all stock offering Set prices; established labor standards Paid farmers to decrease farm production Built/repaired dams & other projects in Tennessee Valley What was its long term goal? Restore public confidence in banks Restore public confidence in banks Restore public confidence in stock market Which New Deal goal is being met? (Relief, Recovery, Reform) Recovery Recovery Recovery Ensure fair Reform business & industrial growth Raise crop prices Recovery & farmers income Create prosperity Recovery/Reform in the impoverished Tennessee Valley region Civilian Conservation Corps (CCC) Federal Emergency Relief Administration (FERA) Public Works Administration (PWA) Civil Work Administration (CWA) Home Owners Loan Corporation (HOLC) Put young men to work on road building & conservation projects Provide direct relief ($) to the needy Reduce unemployment Reform Provide $ to states to create jobs Reduce Unemployment Reform Provide 4 million immediate jobs Reduce Unemployment Reform Provide gov’t loans to homeowners who faced foreclosure Help families Recovery keep their homes Provide basic Relief needs to those hit hardest by the depression Name: Date: Period: US II CP The New Deal Fights the Depression FDR’s Alphabet Soup Federal Program Emergency Banking Relief Act (EBRA) Glass-Steagall Banking Act of 1933 Federal Securities Act National Industrial Recovery Act (NIRA) Agricultural Adjustment Act (AAA) Tennessee Valley Authority (TVA) Civilian Conservation Corps (CCC) Federal Emergency Relief Administration (FERA) Public Works Administration (PWA) Civil Work Administration (CWA Home Owners Loan Corporation (HOLC) What was its immediate purpose? What was its long term goal? Which New Deal goal is being met? (relief, Recovery, Reform)