Emergency Banking Act / Federal Deposit Insurance Corporation (FDIC):
On March 6, 1933 FDR shut down all banks in the nation and forced congress to pass an Emergency Banking Act which gave the government the opportunity to inspect the health of all banks. The Federal Deposit Insurance Corporation was formed by congress to insure deposits up to $5000.
Federal Emergency Relief Administration (FERA):
5 million dollars were given out to depleted local relief agencies.
Civil Works Administration (CWA):
This work program gave the unemployed jobs building and repairing roads, parks, airports etc...
Civilian Conservation Corps (CCC):
This environmental program put 2.5 million unmarried men to work maintaining and restoring forests, beaches, and parks. Workers earned $1 a day and recieved lodging and job training. A similar program was created for 8,500 women.
Public Works Association (PWA):
The PWA launched programs such as the Grand Coulee Dam on the Columbia River.
Works Progress Adminstration (WPA):
This agency provided work for 8 million Americans. The WPA constructed or repaired hospitals, schools, airfields, and etc...
Social Security Act (SSA):
This act established a system that provided old-age pensions for workers, survivors benefits for victims of industrial accidents, unemployment insurance, and aid for mothers and dependent children, the blind and physically disabled. |
