New Deal (band)
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New Deal (band)
The New Deal was a series of programs, Public works, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States between 1933 and 1938 to rescue the Great Depression in the United States, U.S. from the Great Depression. It was widely believed that the depression was caused by the inherent market instability and that government intervention was necessary to rationalize and stabilize the economy. Major federal programs and agencies, including 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), provided support for farmers, the unemployed, youth, and the elderly. The New Deal included new constraints and safeguards on the banking industry and efforts to re-inflate the economy after prices had fallen sharply. New Deal pro ...
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Economic Programs (United States)
Economic Programs in the United States are created for the purpose of helping the economy. Economic Programs * Emergency Banking Act * Economy Act * Civilian Conservation Corps (CCC) * Agriculture Adjustment Act (AAA) * Tennessee Valley Authority (TVA) * National Industrial Recovery Act (NIRA) * Public Works Administration (PWA) * Banking Act of 1933 * Federal Emergency Relief Administration (FERA) * Federal Housing Administration (FHA) * Civil Works Administration (CWA) * Frazier-Lemke Farm Bankruptcy Act * Federal Securities Act * Glass–Steagall Act * Federal Deposit Insurance Corporation (FDIC) * National Housing Act * Securities and Exchange Act (SEC) * Indian Reorganization Act * Home Owners' Loan Corporation (HOLC) * Works Progress Administration (WPA) * National Youth Administration The National Youth Administration (NYA) was a New Deal agency sponsored by Franklin D. Roosevelt during his presidency. It focused on providing work and education for Americans betwe ...
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Unemployment Benefit
Unemployment benefits, also called unemployment insurance, unemployment payment, unemployment compensation, or simply unemployment, are payments made by authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary. Unemployment benefits are generally given only to those registering as becoming unemployed through no fault of their own, and often on conditions ensuring that they seek work. In British English unemployment benefits are also colloquially referred to as "the dole"; receiving benefits is informally called "being on the dole". "Dole" here is an archaic expression meaning "one's allotted portion", from the synonymous Old English word ''dāl''. History The first modern unemployment be ...
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National Labor Relations Act
The National Labor Relations Act of 1935, also known as the Wagner Act, is a foundational statute of United States labor law that guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes. Central to the act was a ban on company unions. The act was written by Senator Robert F. Wagner, passed by the 74th United States Congress, and signed into law by President Franklin D. Roosevelt. The National Labor Relations Act seeks to correct the "inequality of bargaining power" between employers and employees by promoting collective bargaining between trade unions and employers. The law established the National Labor Relations Board to prosecute violations of labor law and to oversee the process by which employees decide whether to be represented by a labor organization. It also established various rules concerning collective bargaining and defined a series of banned unfair labor practices, in ...
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National Recovery Administration
The National Recovery Administration (NRA) was a prime agency established by U.S. president Franklin D. Roosevelt (FDR) in 1933. The goal of the administration was to eliminate "cut throat competition" by bringing industry, labor, and government together to create codes of "fair practices" and set prices. The NRA was created by the National Industrial Recovery Act (NIRA) and allowed industries to get together and write "codes of fair competition". The codes intended both to help workers set minimum wages and maximum weekly hours, as well as minimum prices at which products could be sold. The NRA also had a two-year renewal charter and was set to expire in June 1935 if not renewed. The NRA, symbolized by the Blue Eagle, was popular with workers. Businesses that supported the NRA put the symbol in their shop windows and on their packages, though they did not always go along with the regulations entailed. Though membership of the NRA was voluntary, businesses that did not display ...
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Securities Act Of 1933
The Securities Act of 1933, also known as the 1933 Act, the Securities Act, the Truth in Securities Act, the Federal Securities Act, and the '33 Act, was enacted by the United States Congress on May 27, 1933, during the Great Depression and after the stock market crash of 1929. It is an integral part of United States securities regulation. It is legislated pursuant to the Interstate Commerce Clause of the Constitution. It requires every offer or sale of securities that uses the means and instrumentalities of interstate commerce to be registered with the SEC pursuant to the 1933 Act, unless an exemption from registration exists under the law. The term "means and instrumentalities of interstate commerce" is extremely broad and it is virtually impossible to avoid the operation of the statute by attempting to offer or sell a security without using an "instrumentality" of interstate commerce. Any use of a telephone, for example, or the mails would probably be enough to subject the t ...
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Make-work Job
A make-work job is a job that has less immediate financial or little benefit at all to the economy than the job costs to support. It may also have no benefit. Make-work jobs are similar to workfare, but are publicly offered on the job market and have otherwise normal employment requirements (workfare jobs, in contrast, may be handed out to a randomly selected applicant or have special requirements such as continuing to search for a non-workfare job). Analysis Some consider make-work jobs to be harmful when they provide very little practical experience or training for future careers. As a part of the New Deal, the Civil Works Administration (CWA) was in 1933 created as a stopgap measure to boost the economic relief provided by the Federal Emergency Relief Administration and Public Works Administration. At its peak, the CWA employed 4,230,000 people; however, President Roosevelt was wary of the specter of corruption and accusations of boondoggling, and shut the CWA down after ...
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Federal Emergency Relief Administration
The Federal Emergency Relief Administration (FERA) was a program established by President Franklin Roosevelt in 1933, building on the Hoover administration's Emergency Relief and Construction Act. It was replaced in 1935 by the Works Progress Administration (WPA). Prior to 1933, the federal government gave loans to the states to operate relief programs. One of these, the New York state program TERA (Temporary Emergency Relief Administration), was set up in 1931 and headed by Harry Hopkins, a close adviser to Governor Franklin D. Roosevelt. Roosevelt asked Congress to set up FERA—which gave grants to the states for the same purpose—in May 1933, and appointed Hopkins to head it. Along with the Civilian Conservation Corps (CCC) it was the first relief operation under the New Deal. FERA's main goal was to alleviate household unemployment by creating new unskilled jobs in local and state government. Jobs were more expensive than direct cash payments (called "the dole"), but were ...
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1933 Banking Act
The Banking Act of 1933 () was a statute enacted by the United States Congress that established the Federal Deposit Insurance Corporation (FDIC) and imposed various other banking reforms. The entire law is often referred to as the Glass–Steagall Act, after its Congressional sponsors, Senator Carter Glass ( D) of Virginia, and Representative Henry B. Steagall (D) of Alabama. The term "Glass–Steagall Act," however, is most often used to refer to four provisions of the Banking Act of 1933 that limited commercial bank securities activities and affiliations between commercial banks and securities firms. That limited meaning of the term is described in the article on Glass–Steagall Legislation. The Banking Act of 1933 (the 1933 Banking Act) joined together two long-standing Congressional projects: #A federal system of bank deposit insurance championed by Representative Steagall #The regulation (or prohibition) of the combination of commercial and investment banking and othe ...
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