THE ROARING 20S 1920 1929
AMERICAN ECONOMY IN THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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New Deal programs
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Federal Deposit Insurance Corporation (FDIC)
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Securities and Exchange Commission
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The Great Depression
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Detailed explanation-1: -The New Deal created a broad range of federal government programs that sought to offer economic relief to the suffering, regulate private industry, and grow the economy. The New Deal is often summed up by the “Three Rs”: relief (for the unemployed)
Detailed explanation-2: -Major federal programs and agencies included the Civilian Conservation Corps (CCC), the Works Progress Administration (WPA), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).
Detailed explanation-3: -The New Deal had three goals: relief, recovery, and reform. Relief meant that the president wanted to help those in crisis immediately by creating jobs, bread lines, and welfare. Recovery was aimed at fixing the economy and ending the Depression.
Detailed explanation-4: -Federal Emergency Relief Administration (FERA) (1933) Created under the Federal Emergency Relief Act to award grants to states for works programs to hire the unemployed and provide direct relief payments to the indigent. Created by Executive Order to fund state and local public works projects.