alphabet soup agencies
DESCRIPTION
ALPHABET SOUP AGENCIES. We now know FDR was a progressive president…. Progresso?...eh?...anyone?.... He developed TONS of new agencies to help achieve his 3 New Deal Goals: Jobs for the jobless Fix the economy Prevent another depression. - PowerPoint PPT PresentationTRANSCRIPT
ALPHABET SOUP AGENCIESWe now know FDR was a progressive president….
Progresso?...eh?...anyone?....
He developed TONS of new agencies to help achieve his 3 New Deal Goals:A. Jobs for the joblessB. Fix the economyC. Prevent another depression
There are A LOT of these… use your handy-dandy grid that I’ve created for you to help with
studying/ understanding.
In 1933 when FDR took office, 13,000,000 Americans were out of work!
• Civilian Conservation Corps (CCC): hired unemployed single men 18-25
• For $1 a day, they planted trees, built bridges, worked on flood-control projects, parks
• Conserved natural resources & gave jobs to young people
Works Progress Administration (WPA): 1935 – put the jobless to work
• Making clothes & building hospitals, schools, parks, playgrounds, and airports
• Hired artists, photographers, actors, writers & composers to entertain & educate the public
• WPA writers collected information about American life, folklore & traditions
Promoting RecoveryTo bring recovery, the President had to boost
industry & farming
Helping Industry• Overproduction & declining prices had been a major
cause of the depression• Low prices had caused businesses to fail & had
caused high unemployment rates
National Industrial Recovery Act (NIRA): each industry wrote a code, or a set of rules & standards for production, wages, prices & working conditions
• The NIRA tried to end price cutting & firings
To enforce the new codes, Congress set up the
National Recovery Administration (NRA)
– Companies that followed the NRA codes stamped a blue eagle on their products
– The gov’t encouraged people to business only with companies displaying the eagle
– This caused competition between companies
The NIRA also set up the Public Works Administration
(PWA): promoted recovery by hiring workers for thousands of public works projects
• Workers built dams, schools, aircraft carriers for the navy
Helping Farmers• On farms, overproduction remained the major problem• Surpluses kept prices and farmers’ incomes low• Surplus: when company or farm produce more than they
can sell
Agricultural Adjustment Act (AAA): gov’t paid farmers NOT to grow certain crops
– Roosevelt hoped that with smaller harvests, laws of supply & demand would cause prices to rise
– By limiting the amount of “available” options, people would pay more lump sums for staple crops
The gov’t paid for farmers to plow surplus crops under the soil & destroy surplus cows & pigs
– People thought this was crazy when people in cities were starving
– The plan was necessary to help farmers recover & keep them growing food
Rural Electrification Administration (REA): help people in rural areas get the same
electrical service as people in urban areas
– Provided $$ to extend electric lines to rural areas
– # of farms with electricity rose from 10-25%
– Electricity helped to save many farms from ruin• Refrigeration – dairy farmers
could keep milk & eggs longer
Tennessee Valley Authority (TVA): set out to remake the Tennessee River Valley – a vast region
that had suffered from terrible floods that had caused ½ of the areas farms & families to fail
• 49 dams were built in 7 states – also produced cheap electric power
• The TVA deepened river channels for shipping• Planted new forests to conserve soil• Developed new fertilizers to improve farmland• Set up schools & health centers• Result: transformed a region of desperation & poverty into
a prosperous & productive area
Preventing Another Depression• During the Hundred Days, Congress passed
laws regulating the stock market & banking system
Truth-in-Securities Act: end the risky buying/ selling of stocks in the hope of making a quick profit
Federal Deposit Insurance Corporation (FDIC): Insured savings accounts in banks approved by the gov’t – if a bank insured by the FDIC failed, the gov’t would make sure depositors
received their $$