Ch 15.1 - A New Deal Fights the Depression

This established the Federal Deposit Insurance Corporation (FDIC), with the greater goal of restoring public confidence in the banking system.

• Glass-Steagall Banking Act

• Federal Emergency Relief Administration

• Tennessee Valley Authority

• Agricultural Adjustment Act

This paid farmers to lower production and, in some cases, to destroy crops, with the greater goal of raising crop prices and farm income.

• Glass-Steagall Banking Act

• Federal Emergency Relief Administration

• Tennessee Valley Authority

• Agricultural Adjustment Act

This helped to create prosperity in a poverty-stricken region by providing funds to build and repair dams, flood-control projects, and power plants.

• Glass-Steagall Banking Act

• Federal Emergency Relief Administration

• Tennessee Valley Authority

• Agricultural Adjustment Act

This provided direct relief in the form of food and clothing to the neediest people hit by the depression--the unemployed, the aged, and the ill.

• Glass-Steagall Banking Act

• Federal Emergency Relief Administration

• Tennessee Valley Authority

• Agricultural Adjustment Act

This put almost 3 million young men to work building roads, developing parks, and helping in soil-erosion and flood-control projects.

• Civilian Conservation Corps

• Federal Securities Act

• Emergency Banking Relief Act

• National Industrial Recovery Act

This required corporations to provide complete information on all stock offerings, with the greater goal of restoring public confidence in the stock market.

• Civilian Conservation Corps

• Federal Securities Act

• Emergency Banking Relief Act

• National Industrial Recovery Act

This authorized the Treasury Department to inspect banks and to close those that were unsound, with the greater goal of restoring public confidence in the banking system.

• Civilian Conservation Corps

• Federal Securities Act

• Emergency Banking Relief Act

• National Industrial Recovery Act

This created an administration that set fair prices on many products and established labor standards, with the greater goal of ensuring fair business practices and promoting industrial growth.

• Civilian Conservation Corps

• Federal Securities Act

• Emergency Banking Relief Act

• National Industrial Recovery Act

On this date (March 14th) in 1794, Eli Whitney is granted a patent for his invention, the ...

• The Cotton Gin

• Interchangeable Parts

• Milling Machine