The New Deal: An Alphabet Soup of Agencies
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Name _______________________________ The New Deal: An Alphabet Soup of Agencies Directions: When Franklin D. Roosevelt took office in 1933, he promised a “New Deal” for Americans suffering through the Depression. He helped set up hundreds of organizations to provide direct Relief (direct help for the unemployed and poor Reform (changes so that such a crisis could not happen again), and Recovery (bringing the economy back up to normal levels). For each agency, include the correct information in the chart below: Initials CCC SEC AAA WPA TVA SSA FDIC HOLC NYA Full Name Purpose and Information Relief, Reform, or Recovery The New Deal: An Alphabet Soup of Agencies Directions: After completing the chart of New Deal agencies on the opposite side, create your own poster or cartoon which either supports or criticizes one of the agencies from your chart. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History The Federal Deposit Insurance Corporation Its purpose was to inspect banks and insure depositor's accounts. The government would provide deposit insurance up to $5,000 on checking and savings accounts in the event of a bank failure. Roosevelt now said it was safer to keep your money in a reopened bank than under the mattress. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Agricultural Adjustment Administration The AAA was a law that paid farmers to actually grow less crops by farming fewer acres. Its purpose was to reduce crop surplus and raise the value of crops, thereby giving farmers relative stability again. The farmers were paid subsidies by the federal government for leaving some of their fields unused. This would increase farm prices as common vegetables and other crops were made more scarce. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Home Owners Loan Corporation The HOLC loaned money at a low interest to homeowners who could not meet their mortgage payments. It was usually used to extend loans from shorter, expensive payments of 15 year loans to lower payments of 30 year loans. Through its work it granted long term mortgages to over a million people facing the loss of their homes. The HOLC stopped lending in June 1936 by the terms of the HOLC act. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Civilian Conservation Corps This famous organization employed thousands of young men in camps across the country improving public lands by planting trees, clearing trails, and fighting forest fires. It was one of the most popular programs and provided jobs in every state in America. The Tennessee Valley Authority It improved the economy of the Deep South by building dams and improving existing ones so that electricity could be brought to the region. It built dams and power plants on the Tennessee River that provided flood control and a reliable supply of water for irrigation, drinking and recreation. It covered not just Tennessee, but north to Virginia and west to Illinois. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History National Youth Administration Provided job training for unemployed young people and part-time jobs for needy students. Grants were given to high school and college students in exchange for work. This allowed young people to continue studying while at the same time preventing the pool of unemployed youth from getting any larger. Second, for those young people who were both unemployed and not in school, the NYA aimed to combine economic relief with on-the-job training in federally funded work projects designed to provide youth with marketable skills for the future. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Works Progress Administration Millions were put to work in construction projects such as schools, libraries, hospitals, roads, sewer systems, and airports. Musicians were hired to give lessons, writers and artists and actors were hired. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Securities & Exchange Commission The Securities & Exchange Commission was a permanent agency set up to monitor the stock market and ensure that no fraud or insider trading was taking place. It was created in the wake of the stock market crash of 1929 and was designed so that such a crash would not happen again. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Social Security Administration It set up a form of insurance where employers and workers would pay the tax to cover unemployment benefits, old age pensions, programs for the blind, and for children of workers who had died. This provided a pension for retired workers and their spouses and helped people with disabilities. © Students of History - www.teacherspayteachers.com/Store/Students-Of-History Name _________Key_________ The New Deal: An Alphabet Soup of Agencies Directions: When Franklin D. Roosevelt took office in 1933, he promised a “New Deal” for Americans suffering through the Depression. He helped set up hundreds of organizations to provide direct Relief (direct help for the unemployed and poor Reform (changes so that such a crisis could not happen again), and Recovery (bringing the economy back up to normal levels). For each agency, include the correct information in the chart below: Initials Full Name Purpose and Information Relief, Reform, or Recovery CCC Employed thousands of young men in Civilian camps across the country improving Conservation Corps public lands by planting trees, clearing trails, and fighting forest fires. Relief SEC Securities and Exchange Commission Set up to monitor the stock market and ensure that no fraud or insider trading was taking place Reform AAA Agricultural Adjustment Association Paid farmers not to grow crops so that prices of crops would rise back up to normal levels. WPA Works Progress Administration Provided jobs to young men to build Relief schools, hospitals, and other public works. TVA Tennessee Valley Authority Provided jobs building dams and improving existing ones so that electricity could be brought to the Deep South. SSA Social Security Administration Form of insurance for old age and people Reform with disabilities. FDIC Federal Deposit Insurance Corporation Inspected banks and provided deposit insurance up to $5,000 on checking and savings accounts in the event of a bank failure. Loaned money at a low interest to Home Owners Loan homeowners who could not meet their HOLC Corporation mortgage payments. NYA National Youth Administration Recovery Relief Reform Relief Provided job training for unemployed young people and part-time jobs for needy Recovery students. Grants were given to high school and college students in exchange for work.
