Alphabet Soup Agencies
New Deal Program
Description
FDIC: Federal
Deposit Insurance
Corporation
Insured bank deposits up to $5000
Intent of the program: Relief,
recovery, and/or reform
Reform
AAA: Agricultural
Adjustment Act
NRA: National
Recovery Act
PWA: Public Works
Administration
Paid farmers NOT to grow crops
Relief
Regulated wages (established a minimum wage), production, and prices
Recovery
Created jobs – workers built dams, airports, schools, hospitals
Recovery
WPA: Works
Progress
Administration
SEC: Securities and
Exchange
Commission
*TVA: Tennessee
Valley Authority
*SSA: Social Security
Act
*Wagner Act
Created jobs – workers build dams, libraries, bridges; also paid writers,
artists, and musicians to produce art
Recovery
Regulated the purchasing of stocks on margin
Reform
built dams on the Tennessee River to generate hydroelectricity, control
flooding, and limit soil erosion
Established a retirement fund for elderly or disabled workers and their
dependents
Legalizes labor unions and collective bargaining
Recovery
Relief
recovery
Considering our current economic crisis, should any of the expired programs be revived?