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The Great Depression Era

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Black Tuesday

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Year: 1929 Effect: Stock market crash marking the beginning of the Great Depression.

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The Dust Bowl

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Year: 1930s Effect: Severe dust storms degraded agricultural productivity, leading to migration and increased poverty.

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New Deal

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Year: 1933-1939 Effect: A series of programs and reforms aimed at providing economic relief, recovery, and reform to the United States.

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Social Security Act

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Year: 1935 Effect: Established a system of old-age pensions and unemployment insurance.

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Banking Act of 1933 (Glass-Steagall Act)

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Year: 1933 Effect: Prohibited commercial banks from participating in the investment banking business.

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Civilian Conservation Corps (CCC)

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Year: 1933 Effect: Provided jobs for young men to work on environmental conservation projects.

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Tennessee Valley Authority (TVA)

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Year: 1933 Effect: Regional economic development agency that addressed issues in the Tennessee Valley, such as flooding, electricity generation, and modernization.

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Securities Act of 1933

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Year: 1933 Effect: Required that investors receive financial information on stocks, bonds, and other securities being sold.

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Securities and Exchange Commission (SEC)

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Year: 1934 Effect: Created to regulate the stock market and prevent corporate abuses relating to securities trading and stock manipulation.

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Public Works Administration (PWA)

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Year: 1933 Effect: Created large-scale public works construction projects to provide jobs and improve infrastructure.

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Works Progress Administration (WPA)

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Year: 1935 Effect: Employed millions of job-seekers to carry out public works projects, including the construction of roads and public buildings.

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Federal Deposit Insurance Corporation (FDIC)

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Year: 1933 Effect: Guaranteed bank deposits, protecting depositors' money in case of bank failures.

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Emergency Banking Act

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Year: 1933 Effect: Allowed banks to reopen once they were deemed financially stable during the Bank Holiday.

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Agricultural Adjustment Act (AAA)

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Year: 1933 Effect: Reduced agricultural surplus and raised prices for struggling farmers by paying them to reduce crop area.

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National Industrial Recovery Act (NIRA)

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Year: 1933 Effect: Authorized the President to regulate industry with the aim of promoting fair competition and stimulating economic recovery.

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Gold Reserve Act

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Year: 1934 Effect: Required that all gold and gold certificates held by the Federal Reserve be surrendered and vested in the sole title of the United States Department of the Treasury.

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Federal Housing Administration (FHA)

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Year: 1934 Effect: Established to improve housing standards and conditions, and to provide an adequate home financing system through insurance of mortgages.

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Rural Electrification Act

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Year: 1936 Effect: Provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States.

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Back to Work program

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Year: 1933 Effect: Provided immediate relief to the unemployed, reform of business and financial practices, and a program of public works.

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National Youth Administration (NYA)

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Year: 1935 Effect: Focused specifically on providing work and education for Americans between the ages of 16 and 25.

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Reconstruction Finance Corporation (RFC)

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Year: 1932 Effect: Provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses.

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Wagner Act (National Labor Relations Act)

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Year: 1935 Effect: Guaranteed the basic rights of private sector employees to organize into trade unions, engage in collective bargaining for better terms and conditions at work, and take collective action, including strike.

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Fair Labor Standards Act

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Year: 1938 Effect: Introduced the 40-hour work week, established a national minimum wage, guaranteed 'time-and-a-half' for overtime in certain jobs, and prohibited most employment of minors.

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Social Security Expansion

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Year: 1950s and subsequent years Effect: The Social Security program was expanded to include dependents and survivors' benefits, disability benefits, and Medicare.

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First New Deal vs. Second New Deal

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Year: First New Deal (1933-1934), Second New Deal (1935-1936) Effect: First New Deal focused on economic recovery, while the Second New Deal focused on social justice and creating a safety net.

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