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Emergency Banking Act (1933) |
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Definition
invested the president with the power to regulate banking transactions and foreign exchange to reopen solvent banks |
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Glass-Steagall Act (1933) |
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Definition
provided for the Federal Deposit Insurance Corporation (ended period of bank failures) |
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Home Owners Loan Corporation (1933) |
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designed to refinance mortgages on non farm homes. nailed out mortgage holding banks. bolted middle class support to democracy |
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Tennessee Valley Corp (TVA) (1933) |
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Definition
result of the steadfast Vision and zeal of senator Norris. determined to discover how much the production and distribution of electricity cost to test fairness of rates charged |
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through "artificial scarcity" this agency was to establish "parity prices" for basic commodities. |
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most popular. provided employment in fresh-air government camps for 3 million men who were required to send the majority of their pay to their parents |
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insured individual deposits up to $5,000 |
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effort to combine immediate relief with long range recovery and reform. to assist industry, labor, and the unemployed. |
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cheif aim was immediate relief rather than long range recovery. Hopkins. granted #3 billion to states |
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intended for industrial recovery and unemployment relief |
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branch of FERA, under the direction of Hopkins. provided purely temporary jobs during the cruel winter emergency. |
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designed as a watchdog administrative agency stock markets to operate more as trading marts |
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created a powerful NLRB for administrative purposes and reasserted the right of labor to engage in self organization and to bargain collectively through reps of their own choice |
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task of removing near- farmless farmers to better land |
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Social Security Act (1935) |
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Definition
provided for federal state unemployment insurance |
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Definition
the objective was employment on useful projects (Hopkins) |
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