New Deal Programs
Arranged by Function
Economic Stabilization
National Industrial Recovery Act - NIRA (1933)
-creates National Recovery Administration - NRA
-price stabilization via trade associations
-collective bargaining for labor
-creates PWA & FERA (see below under Public Works)
-overturned by Supreme Court in 1935
Agricultural Adjustment Act - AAA (1933, 1938)
-price stabilization for farm products
-overturned by Supreme Court 1935, reauthorized 1938
Bank Reform
Emergency Banking Relief Act (1933)
-evaluation of all banks, closures of insolvent ones
Glass-Steagall Banking Act (1933)
-creates Federal Deposit Insurance Corporation - FDIC
-separates commercial & investment banking - The 'Firewall'
Federal Reserve Bank upgrade (1935)
Other Financial Reform
Emergency Banking Relief Act of 1933
-impounds all gold and devalues the dollar
Gold Reserve Act (1934)
-creates a government hoard (Fort Knox)
Securities Act (1933)
Securities Exchange Act (1934)
-creates Securities and Exchange Commission - SEC
-regulation of stock trading in public corporations
Rural & Farm Assistance
Agricultural Adjustment Act (1933, 1938)
-price stabilization
-raises farm incomes
Farm Credit Act (1933)
-creates Farm Credit Administration - FCA
-oversight of all farm credit programs
-refinance of farm mortgages
Resettlement Act (1935)
-creates Resettlement Administration - RA
-becomes Farm Security Administration - FSA (1937)
-aid to farm workers
Farm Tenancy Act (1937)
-aid to poor farmers
