Study Aid: New Deal Legislation

1932

Reconstruction Finance Corporation

Granted emergency loans to banks, life insurance companies, and railroads

1933

Civilian Conservation Corps (CCC)

Employed youth in reforestation, road construction, and flood control projects

Agricultural Adjustment Act

Direct payments to farmers to reduce production

Tennessee Valley Authority (TVA)

Creates independent public corporation to construct dams and power projects

National Industrial Recovery Act

Establishes fair-competition codes; section 7a guarantees labor’s right to organize Public Works Administration Public works

1934

Federal Housing Administration (FHA)

Insured home loans

1935

Works Progress Administration (WPA)

Employed 8 million on public works projects

Social Security Act

Established unemployment compensation and old age insurance

National Labor Relations Act

Creates National Labor Relations Board to prevent unfair labor practices

1937

National Housing Act

Authorizes low rent public housing projects

1938

Fair Labor Standards Act

Established minimum wage of 40 cents an hour and a 40 hour workweek