| The First New Deal: The first 100 days
(special congressional session)
March 6, 1933 FDR closes banks
March 9, 1933 Emergency Banking Relief Act:
banks could no longer deal in stocks.
March 22, 1933 Beer and Wine Revenue Act:
authorized the sale of beer and wine. The
18th amendment was repealed by the 21st amendment
in December.
March 31, 1933 Unemployment Relief Act created
the Civilian Conservation Corps (CCC)
which hired 3 million poor men ages 18-25
to build roads, plant trees,
and work flood control. They lived in camps
under military supervision,
were given food, shelter, and $1 per day in
wages.
April 5, 1933 FDR orders gold surrender.
All banks must turn in gold to fed government
April 19, 1933 FDR abandons gold standard.
Printed and coined currency will not be
backed up by gold.
May 12, 1933 Federal Emergency Relief Act,
creates Federal Emergency Relief
Administration (FERA): provided assistance
to the poor.
May 12, 1933 Agricultural Adjustment Act
(AAA): farmers were paid to limit their
production.
May 18, 1933 Tennessee Valley Authority Act
(TVA); harnessed the flood waters of the
Tennessee River and its tributaries for production
of electric power.
The TVA in 4 years provided $4 billion in
power to 3 million people.
May 27, 1933 Federal Securities Act
June 5, 1933 Gold payment clause repealed
June 13, 1933 Home Owners' Refinancing Act
creates Home Owners Loan Corporation
June 16, 1933 National Industrial Recovery
Act creates National Recovery Admin
(NRA) and Public Works Administration (PWA):
Was supposed to be
one of the biggest New Deal programs. It was
designed to help business
get back on its feet, but ended up creating
monopolies, which caused
small business owners to go broke and prices
to go up. In 1935 the
Supreme Court declared the NRA to be unconstitutional.
June 16, 1933 Glass-Steagall Banking Reform
Act creates Federal Deposit Insurance
Corporation. Everyone's money is insured up
to $5,000
The "Second New Deal"
November 9, 1933 Civil Works Administration
established (CWA)
January 30, 1934 Gold Reserve Act authorizes
FDR's devaluation
June 6, 1934 Securities and Exchange Commission
(SEC) authorized
June 12, 1934 Reciprocal Trade Agreements
Act
June 28, 1934 National Housing Act authorizes
Federal Housing Administration (FHA)
April 10, 1935 Frazier-Lemke Farm Bankruptcy
Act
April 30, 1935 Resettlement Administration
created
May 6, 1935 Works Progress Administration
(WPA)
July 5, 1935 National Labor Relations Act
August 14, 1935 Social Security Act: Created
the modern social security system.
August 26, 1935 Public Utility Holding Company
Act
February 16, 1936 Second Agricultural Adjustment
September 1, 1937 U.S. Housing Authority
established
February 29, 1938 Soil Conservation and Domestic
Allotment Act
June 25, 1938 Fair Labor Standards Act
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