Relief and Reform Acts Created in Result of the New Deal
FDR launched the New Deal when he sent 15 pieces of legislation to Congress. Some of the most important were:
Top 3 Reform Programs
Federal Deposit Insurance Corporation
- Created by the Glass Steagall Act in 1933
- Provided government insurance for bank deposits up to a certain amount
- Because of protecting depositors, they dramatically increased public confidence in the bank system
- This act was important because it took care of potential problems by insuring deposits made to banks
National Labor Relations Board (Wagner Act)
- It was passed by Congress in July 1935.
- Guaranteed workers the right to organize unions
- Organized factory elections by secret ballot to determine if workers wanted a union
- It set up binding arbitration which is when unhappy union members could take their complaints to a neutral party who'd listen to both sides and decide on the issue.
- It could investigate employers' actions and stop unfair practices, such as spying on workers.
- This was important an important act because it led to a burst of labor activity.
Securities and Exchange Commission
- It regulated the stock market.
- Prevented fraud
- It was created by Congress in 1934.
- It's a government agency.
- Monitors corporate takeovers
- This act was important because it was created to restore investor's confidence.
- People couldn't buy stock without having adequate money to pay for them
Top 3 Relief Programs
Works Progress Administration
- Headed by Harry Hopkins
- It was the largest public works program of the New Deal.
- Spent $11 million between 1935-1941
- 8.5 billion workers constructed 650,000 miles of highways, roads, and streets, 125,000 public buildings, and more than 8,000 parks. It also built/improved more than 124,000 bridges and 853 airports.
- Federal Number One was a program for artists, musicians, theater people, and writers. They created things for public buildings
- It was an important act because it was the largest public works program of the New Deal, and it also gave a diverse group of people new opportunities.
Civilian Conservation Corps
- Offered unemployed young men (18-25), the opportunity to work under the the direction of the forestry service
- They planted trees, fought forest fires, and built reservoirs
- The planted a line of more than 200 million trees (Shelter Belt), that prevented the Dust Bowl from occurring again. The line stretched from north Texas to North Dakota.
- It taught more than 40,000 of its recruits to read and write
- It was important because it not only offered men jobs, but it also gave men life skills that would help them in the future.
Social Security Act
- It provided security for older Americans and unemployed workers
- Legislation provided modest welfare payments to other needy people, including those with disabilities and poor mothers with dependent children
- The core was the monthly retirement benefit that people could collect when they stopped working at 65.
- Unemployment insurance supplied a temporary income to unemployed workers looking for new jobs
- Established the federal government should be responsible for those who, through no fault of their own, were unable to work.
- This was a very important act because it is still used today, and even though it didn't help the farmers and domestic workers, it helped many people in need.