The New Deal

Federal Emergency Relief Act (FERA)

Gave immediate help to those that needed it in the form of cash payments.

• Relief

• Recovery

• Reform

Home Owners Loan Corp. Gave loans to home owners so they could pay their mortgages. This prevented people from going homeless and prevented banks from going under.

• Relief

• Recovery

• Reform

Emergency Banking Act

Closed the insolvent banks and only reopened the solvent ones.

• Relief

• Recovery

• Reform

Securities & Exchange Commission (SEC)

Permanent Agency set up to monitor stock market activity and ensure that no fraud or insider trading was taking place.

• Relief

• Recovery

• Reform

Federal Deposit Insurance Corporation (FDIC)

Permanent Agency designed to insure depositors money in savings banks. Originally insured up to $5,000 per depositor today it has increased to $100,000.

• Relief

• Recovery

• Reform

Agricultural Adjustment Act (AAA)

Taxed food processors and gave the money directly to farmers as a payment for not growing food. This decreased supply so price would go up.

• Relief

• Recovery

• Reform

Permanent programs to avoid another depression and insure citizens against economic disasters.

• Relief

• Recovery

• Reform

Immediate action taken to halt the economies deterioration.

• Relief

• Recovery

• Reform

"Pump - Priming" Temporary programs to restart the flow of consumer demand.

• Relief

• Recovery

• Reform