Friday, February 14, 2014

The New Deal

The New Deal is an economic policy of F.D Roosevelt.

The FDIC is a government agency that insures customer deposits if a bank fails, it was a last resort to restore trust in the nation's financial system.
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
It modernized the US region around the Tennessee River, developing modern farming and generating hydroelectric power from dams. It began as one of the largest federal public works programs during the Great Depression (1933). The Tennessee Valley Authority built 40 dams (think beavers) to control flooding, and also produced cheap electricity for the predominantly rural areas. The dams held back water, widening canals thus enabling shipping. The TVA also planted forests, conserving soil by reducing erosion.
The purpose of the Social Security Act was to help those who were elderly, disabled, ect... pretty much those who can not work.
The purpose of the National War Labor Board was to mediate disputes between workers and management. The National War Labor Board was established by President Wilson after the declararation of World War I. It established an 8 hour work day and hired women during the war and were to receive equal pay for equal work. All the worker's had a right to "a living wage". The Board also administered wage control in national industries such as for the car industry. shipping, railways, telegraph lines, airlines, and mining corporations.
The purpose of the WPA-Works Progress Administration was to create as many jobs as possible as quickly as possible, from jobs in the construction industry to jobs in symphony orchestras.
The Fair Labor Standards Act (FLSA) was enacted to help set federal standards with respect to working conditions, including such aspects as establishing a national minimum wage and setting a maximum number of hours a person could work in a week. It was also intended to reduce or eliminate child labor. It was passed in 1938, under President Roosevelt.

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