Bookmarks by Miley Pineda

Agricultural Adjustment Act (1933, Reauthorized 1938)

mileypineda — 2025-03-12 00:22:33 UTC

The Agricultural Adjustment Act helped farmers by raising the prices of crops and paying them for land not used. Roosevelt wanted farmers to reduce how much of their land they farmed on and the U.S. government paid farmers directly for the money they would have made if they farmed the vacant land.

Income and Wealth Taxes (1934-1941)

mileypineda — 2025-03-12 00:31:56 UTC

Passed in May, this law broadened the income tax base and aimed to reduce tax avoidance (exacerbated by now-higher tax rates) by increasing taxes on personal holding companies. The act also raised the top estate tax rate from 45 percent to 60 percent.

Glass-Steagall Banking Act (1933)

mileypineda — 2025-03-12 00:34:54 UTC

The bill was designed to reduced bank failures from over 4,000 in 1933 to 61 in 1934 and regulated interbank control. This created the Federal Deposit Insurance Corporation (FDIC) to insure individual bank accounts and also protected up to $2,500 per depositor at FDIC-insured banks. The Glass Steagall act helped restore public confidence in the financial system after a weeklong bank holiday in March 1933

Federal Emergency Relief Act (1933)

mileypineda — 2025-03-13 22:59:49 UTC

The main purpose of the Federal Emergency Relief Act was to address the economic and social hardship caused by the Great Depression by providing federal funding to states for relief and recovery efforts. The act established the Federal Emergency Relief Administration (FERA), a grant-making agency, which was tasked with distributing federal funds to states for relief purposes

Tennessee Valley Authority (TVA) (1933)

mileypineda — 2025-03-13 23:04:46 UTC

In 1933, President Franklin D. Roosevelt signed the Tennessee Valley Authority (TVA) Act, creating the TVA to address issues like flooding, lack of electricity, and economic hardship in the Tennessee Valley through a federally-owned and operated utility and regional economic development agency.

Social Security Act (1935)

mileypineda — 2025-03-13 23:11:59 UTC

The Social Security Act, signed into law by President Franklin D. Roosevelt on August 14, 1935, established a federal safety net for the elderly, unemployed, and disadvantaged, including a system of old-age benefits, unemployment insurance, and aid for dependent mothers and children

Sources

mileypineda — 2025-03-13 23:15:21 UTC