Reconstruction Finance Corporation set new value of gold. FEDERAL SECURITIES ACT [FSA]: 1933 — allowed government to investigate stock market. WORKS PROGRESS ADMINISTRATION [WPA]: 1933 — established to put men to work on jobs of public usefulness.
Is the SEC a relief recovery or reform?
Federal Deposit Insurance Corp. Federal Housing Admin. Farm Security Admin. (initially Resettlement Admin.)
…
Exists today?
| Securities and Exchange Commission | Tennessee Valley Authority |
|---|---|
| SEC | TVA |
| 1934 | 1933 |
| Reform | Recovery |
| First | First |
Was the PWA a relief recovery reform?
PUBLIC WORKS ADMINISTRATION (Relief/Recovery) Established by the NIRA in 1933, the PWA was intended both for industrial recovery and unemployment relief.
Was the WPA relief or recovery?
The goal of the WPA was to employ most of the unemployed people on relief until the economy recovered. Harry Hopkins testified to Congress in January 1935 why he set the number at 3.5 million, using Federal Emergency Relief Administration data.
Is the WPA a reform?
What Was the WPA? President Franklin D. Roosevelt created the WPA with an executive order on May 6, 1935. It was part of his New Deal plan to lift the country out of the Great Depression by reforming the financial system and restoring the economy to pre-Depression levels.
Is SEC still around today?
Securities and Exchange Commission (SEC)
In order to restore public and investor confidence in the stock market, the SEC was formed to protect investors through the regulation and enforcement of new securities laws that deterred stock manipulation. The agency still carries out this mission today.
Is the Wagner Act relief reform or recovery?
Recovery or Reform? The Wagner Act was also called the National Labor Relations Act. This act declared that workers had a right to form labor unions, elect rep’s, bargain collectively. … Unions still have collective bargaining power, but national membership has declined to a little over 15 percent of the labor force.
What does relief recovery and reform mean?
Relief – Immediate action taken to halt the economies deterioration. 2. Recovery – “Pump – Priming” Temporary programs to restart the flow of consumer demand. 3. Reform – Permanent programs to avoid another depression and insure citizens against economic disasters.
Did the Emergency Banking Relief Act work?
During the years 1929-1933 nearly 10,000 banks failed in the United States [2]. … The Emergency Banking Relief Act succeeded in restoring the confidence of both Main Street and Wall Street: “When banks reopened on March 13, it was common to see long lines of customers returning their stashed cash to their bank accounts.
What programs were recovery efforts?
Major federal programs and agencies included the Civilian Conservation Corps (CCC), the Civil Works Administration (CWA), the Farm Security Administration (FSA), the National Industrial Recovery Act of 1933 (NIRA) and the Social Security Administration (SSA).
What did the recovery program do?
Its purposes were twofold: first, to stabilize business with codes of “fair” competitive practice and, second, to generate more purchasing power by providing jobs, defining labor standards, and raising wages.
What is the difference between recovery and reform?
RECOVERY: Recovery of the economy. Creating jobs and helping businesses grow by restarting the flow of consumer demand. REFORM: Reform of the financial system to ease the economic crisis and introducing permanent programs to avoid another depression and insuring against future economic disasters.
What is a reform program?
4 an improvement or change for the better, esp. as a result of correction of legal or political abuses or malpractices. 5 a principle, campaign, or measure aimed at achieving such change.