The New Deals*

The Early New Deal: The "One Hundred Days" and After (1933-34)

• First Weeks: National Bank Holiday; emergency banking legislation; economy in government; the end of prohibition.
• Agriculture:  Agricultural Adjustment Act of 1933 (AAA).  (see also, Soil Conservation Act of 1936; Agricultural Adjustment Act of 1938).
• Industry:  National Industrial Recovery Act of 1933; National Recovery Administration (NRA)..
• FDR takes US off the Gold Standard.
• Credit for Farms and Homes:  Farm Credit Corporation; Homeowners Loan Corporation, Federal Housing Administration (FHA).
• Relief and Employment:  Federal Emergency Relief Act (FERA); Civilian Conservation Corps (CCC); Public Works Administration (PWA); Civil Works Administration (CWA).
• Regulation of the Stock Market:  Securities Act of 1933; Securities and Exchange Act of 1934, establishing the Securities and Exchange Commission (SEC).
• Banking Regulation: Glass-Steagall Banking Act of 1933, separating commercial & investment banking and creating FDIC (Federal Deposit Insurance Corporation).
• Communication Act of 1934.  Created the Federal Communications Commission (FCC).
• Tennessee Valley Authority (TVA).

The  "Second" New Deal (1935-36)

• Works Progress Administration
• Social Security Act of 1935: a) old age pensions; b) unemployment insurance;  c) old age survivors insurance; d) aid to dependent children, the disabled.
• National Labor Relations Act of 1935; National Labor Relations Board (NLRB).
• Revenue Act of 1935.
• Rural Electrification Act (REA).
• Banking Act of 1935.
• Resettlement Administration.
• Soil Conservation Act of 1936 (see above, AAA).
• Conservation and Resource Development.

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*Thanks to American University, History 296