New Deal Timeline by Livia Sztabowski

Emergency Banking Act- March 1933

lsztabowski — 2024-02-07 14:15:40 UTC

The Emergency Banking Act was passed to stabilize the banking system during the Great Depression. This act was significant because it restored confidence in banks. The Emergency Banking Act provided relief because it stabilized the banking system and prevented any failures that may take place in the bank in the future.

Agricultural Adjustment Act- May 1933

lsztabowski — 2024-02-07 14:16:03 UTC

The Agricultural Adjustment Act offered farmers subsides in exchange for limiting their production of certain crops. It increased the purchasing power of farmers by decreasing surpluses of agricultural products, encouraging prices to return to sustainable levels. This act provided immediate economic relief to farmers during the Great Depression.

Civilian Conservation Corp- May 1933

lsztabowski — 2024-02-07 14:16:23 UTC

The Civilian Conservation Corporation allowed single men between the ages of 18 and 25 to enlist in work programs. This is significant because it employed about 3 million men nationwide. This is an example of relief because it developed infrastructure and natural resources, and allowed for people to get government jobs in protection welfare/ environment. The corporation also focused on the things like conservation and soil erosion.

Tennessee Valley Authority- May 1933

lsztabowski — 2024-02-07 14:16:40 UTC

A U.S. government agency established to control floods, improve navigation and the living standards of farmers, and produce electrical power. This is an example of relief because it brought electricity to rural communities, improving the quality of life for many individuals.

Home Owners Loan Act- June 1933

lsztabowski — 2024-02-07 14:16:56 UTC

The Home Owners Loan Act was a corporation that refinanced one of every five mortgages on urban private residences. This act provided emergency relief with respect relief with respect to home mortgage indebtedness, so it was a form of relief by solving immediate problems.

Glass- Steagall Act- June 1933

lsztabowski — 2024-02-07 14:17:28 UTC

The Glass-Steagall Act was designed to separate commercial banking and investment baking, and forced commercial banks to refrain from investment baking activities to protect depositors from possible losses. This is an example of reform because it led to the creation of the Federal Deposit Insurance Corporation. This ensured banking would be fair & future crashes would be prevented.

Federal Deposit Insurance Corporation- June 1933

lsztabowski — 2024-02-07 14:17:56 UTC

The FDIC is an independent agency created by the Congress to maintain stability & public confidence in the nations financial system. It is significant because it protects the money that depositors place in insures banks. This is an example of recovery because it restored peoples confidence in the banking system and insured bank deposits.

National Industrial Recovery Act- June 1933

lsztabowski — 2024-02-07 14:18:11 UTC

The National Industrial Recovery Act authorized the president to regulate industry for fair wages and prices that stimulate recovery within the economy. This suspended antitrust laws and supported an alliance of industries. This is an example of relief because it included provisions like fair labor standards, collective bargaining rights, and even industry codes.

Public Works Administration- June 1933

lsztabowski — 2024-02-07 14:19:02 UTC

The Public Works Administration was a Federal government spending program whose goal was to create jobs while improving the infrastructure of the nation. This is an example of relief because it aimed to solve the immediate problems by creating jobs and stimulating the economy.

Securities + Exchange Commission- June 1934

lsztabowski — 2024-02-07 14:21:11 UTC

This agency is responsible for protecting investors and maintaining fair and orderly functioning of the securities markets. It also aims to facilitate capital formation. This is an example of a reform measure because the goal was to prevent future financial crises and encourage a transparent market overall.

Wagner Act- May 1935

lsztabowski — 2024-02-07 14:21:25 UTC

The main purpose of the Wagner Act was to establish the legal right of most workers to organize labor unions & bargain with their employers. The Wagner Act is significant because it gave employees the right to form and join unions. This is a reform measure because its goal was to protect the rights of workers to engage in collective bargaining and promote fair labor.

Works Progress Admin- May 1935

lsztabowski — 2024-02-07 14:21:36 UTC

The Works Progress Administration employed mostly unskilled men to carry out public works infrastructure projects. This was significant because it provided a variety of jobs for the unemployed during the Great Depression. This administration was designed to provide relief for the unemployed by providing jobs & income for millions of Americans.

Federal Emergency Relief Administration- December 1935

lsztabowski — 2024-02-07 14:21:49 UTC

The Federal Emergency Relief Administration provided grants from the federal government to state governments for a variety of projects in fields like agriculture, arts, construction, etc. This is an example of relief because it provided direct financial assistance to individuals and families who were in need during the Great Depression.

Social Security Act- August 1935

lsztabowski — 2024-02-07 14:22:03 UTC

The Social Security Act created a social insurance program that was designed to pay retired workers age 65 or older a continuing income after retirement. This act provided for unemployment insurance, old-age insurance, and means-tested welfare programs. This is a reform measure because it established a system of social insurance to provide financial support to retired workers and people who have disabilities.

Fair Labor Standards Act- 1938

lsztabowski — 2024-02-07 14:22:18 UTC

The Fair Labor Standards Act includes provisions on many labor related provisions like the creation of a minimum wage, overtime pay, and also ones related to child labor. This act is significant because it included a legal framework that provided for compulsory wages, safer work environments, and protection of the educational opportunities of children. This is an example of a reform measure because it introduced new regulations to protect the rights of workers and improve working conditions.