New Deal Programs and Their Functions

The video discusses the New Deal programs initiated by President Franklin D. Roosevelt to combat the Great Depression. Key programs include the FDIC, which restored trust in banks; Social Security, providing a safety net for retirees; the SEC, regulating the stock market; the PWA, creating jobs through public works; the TVA, bringing electricity to rural areas; the AAA, stabilizing agriculture; and the NRA, stabilizing prices and wages. These programs aimed at relief, recovery, and reform to prevent future economic crises.

What was the primary purpose of the FDIC when it was created during the New Deal?

• To provide loans to small businesses

• To offer unemployment benefits

• To insure bank deposits and restore trust in banks

• To regulate the stock market

How does the Social Security Act support retirees?

• By guaranteeing employment

• By offering monthly payments based on lifetime contributions

• By providing free healthcare

• By reducing taxes for retirees

What is one of the main functions of the Securities and Exchange Commission (SEC)?

• To provide insurance for bank deposits

• To regulate the stock market and prevent insider trading

• To offer loans to farmers

• To build public infrastructure

Which New Deal program was designed to prevent future stock market crashes?

• FDIC

• SEC

• PWA

• TVA

What was the goal of the Public Works Administration (PWA)?

• To offer unemployment benefits

• To stabilize food prices

• To provide jobs through public infrastructure projects

• To regulate the stock market

How did the Tennessee Valley Authority (TVA) contribute to economic development?

• By offering tax incentives to businesses

• By regulating the stock market

• By building water dams to generate electricity

• By providing free education

Which New Deal program aimed to bring electricity to rural areas?

• TVA

• SEC

• AAA

• FDIC

What was a controversial aspect of the Agricultural Adjustment Act (AAA)?

• Paying farmers to grow more crops

• Providing free seeds to farmers

• Offering loans to farmers

• Paying farmers to grow less food and destroy crops

What was the main objective of the National Recovery Act (NRA)?

• To stabilize prices and establish a minimum wage

• To provide unemployment benefits

• To offer loans to small businesses

• To regulate the stock market

What was the outcome of the Supreme Court's decision on the AAA and NRA?

• They were declared unconstitutional

• They were merged into one program

• They were replaced by new programs

• They were expanded