1/31/2024 0 Comments Dust bowl fireside chats![]() ![]() Interesting Facts About the First New Deal It built soup kitchens to feed people, provided blankets to the homeless, lunches for schools, and educated people on how to find a job. The Federal Emergency Relief Administration provided help for the unemployed. It also helped to insure mortgages and stabilize the home mortgage market. ![]() The FHA put government standards on the construction of homes to make sure that homes were safe. The HOLC was formed to help refinance mortgages and to help people keep their homes. In order to get the housing industry going again, two new agencies were formed: the Home Owners' Loan Corporation (HOLC) and the Federal Housing Administration (FHA). It helped to improve farming practices, reduced farm production to raise prices, and gave a voice to farmers in the government. To help farmers out, the Agricultural Adjustment Administration (AAA) was put into place. The Civilian Conservation Corps (CCC) also created many jobs for men where they worked on environmental projects like national parks. This program built things like roads, bridges, schools, hospitals, and dams across the country. The president began a large program for public works and created the Public Works Administration (PWA). This was popular among the people and allowed for new tax revenue due to legal alcohol sales. President Roosevelt put in a measure that would repeal prohibition until the 21st Amendment was ratified. ![]() It required publicly traded companies to provide accurate information to the public including profits, losses, and corporate officers of the company. The Securities Act of 1933 was passed to help prevent another stock market crash. It helped to stabilize the banks and to bring back confidence in the banking system. This law allowed for banks to reopen under the supervision of the Federal Treasury. One of the first things that President Roosevelt did was to close the banks in what he called a "bank holiday." Congress then passed a law called the Emergency Banking Act. During the first one hundred days that he was president, he issued several executive orders and helped get many laws passed through Congress. When President Roosevelt first came into office, he wanted to get things started quickly. ![]()
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