Alphabet SoupPrograms of the New Deal

The Three R’s•1. Relief - Immediate action taken to halt the

economy’s deterioration.•2. Recovery - "Pump - Priming" Temporary

programs to restart the flow of consumer demand.•3. Reform - Permanent programs to avoid another

depression and insure citizens against economic disasters.

 

AAAAgriculture Adjustment

Administration 

  

FIRST  

 

Recovery 

 

STATED PURPOSE 

 Paid farmers to reduce the amount of crops they planted, in order to cut excess production. 

SUCCESSFUL?

 Farm income rose, but many tenants and share-croppers became unemployed.  In 1936 the Supreme Court declared it unconstitutional. 

 

CCCCivilian Conservation Corps

  

FIRST  

 

RELIEF 

STATED PURPOSE 

 Created jobs for over two million young unmarried men in conservation work and parks. 

SUCCESSFUL?  

 Considered one of the most successful. Employed 3 million workers and created many roads, bridges, and buildings.

 

FDICFederal Deposit Insurance

Corporation  

FIRST  

 

REFORM 

 

STATED PURPOSE 

 Protected people’s bank deposits, thus eliminating the problem of “bank runs” that were a serious problem in the early 1930s. 

SUCCESSFUL?

  Has been successful at maintaining public confidence in the U.S. banking system.

FHA Federal Housing Administration 

 

FIRST  

 

Recovery 

 

STATED PURPOSE 

 Created to stimulate the building industry by insuring loans for building and repairing homes 

SUCCESSFUL? 

  

 

NLRA(Wagner Act)National Labor Relations

Act/Board 

 

FIRST 

 

REFORM 

 

STATED PURPOSE 

 created the National Labor Relations Board to protect the rights or organized labor to organize and collectively bargain with employers. 

SUCCESSFUL?   

 

NYA National Youth Administration

  

FIRST 

 

RELIEF 

 

STATED PURPOSE 

 provided more than 4.5 million jobs for young people. 

SUCCESSFUL?   

 

PWA Public Works Administration

  

FIRST  

 

RELIEF…RECOVERY 

 

STATED PURPOSE 

 intended for industrial recovery and unemployment relief.  Eventually over $4 billion was spent on 34,000 construction projects including public buildings, highways, bridges (e.g., San Francisco's Golden Gate Bridge), and dams for water and power 

SUCCESSFUL?   

 

SEC Securities and Exchange Commission

  

FIRST  

 

REFORM 

 

STATED PURPOSE 

 Created to serve as a federal "watchdog" administrative agency to protect public and private investors from stock market fraud, deception and insider manipulation on Wall Street.  The SEC is still in existence. 

SUCCESSFUL?  

 Successful at making it safer to buy stocks, bonds, and mutual funds.

 

SSA Social Security Administration

 

 

FIRST  

 

REFORM 

 

STATED PURPOSE 

 a national pension fund for retired persons, an unemployment insurance system, and public assistance programs for dependent mothers, children, and the physically disabled.  The pension was financed by a payroll tax to begin in 1937.  

SUCCESSFUL?  

 Still in existence today. Over the years it has been expanded to provide more services. It accounts for nearly a quarter of the federal budget. By the year 2035 SSA will be able to cover only 75% of its current obligations.

 

TVA Tennessee Valley Authority

  

FIRST  

 

REFORM 

 

STATED PURPOSE  Created for the economic development of the Tennessee River watershed.  The TVA built twenty dams to control flooding, generate hydroelectrical power, increase agricultural production, and revitalize the Tennessee Valley region.  The TVA also provided jobs, low-cost housing, reforestation and other services. 

SUCCESSFUL?  

 Still in existence today. One of the most successful projects dealing with generation of electricity, deforestation and flood control.

 

WPA Works Progress Administration

  

FIRST 

RELIEF 

 

STATED PURPOSE 

 Employed 8.5 million workers in construction and other jobs, also provided work in arts, theater, and literary projects. 

SUCCESSFUL?  

 Employed 8,5 million people. WPA employees built bridges, roads, public buildings, public parks and airports. Average salary was $42 per month