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The Great Depression Era
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Black Tuesday
Year: 1929 Effect: Stock market crash marking the beginning of the Great Depression.
The Dust Bowl
Year: 1930s Effect: Severe dust storms degraded agricultural productivity, leading to migration and increased poverty.
New Deal
Year: 1933-1939 Effect: A series of programs and reforms aimed at providing economic relief, recovery, and reform to the United States.
Social Security Act
Year: 1935 Effect: Established a system of old-age pensions and unemployment insurance.
Banking Act of 1933 (Glass-Steagall Act)
Year: 1933 Effect: Prohibited commercial banks from participating in the investment banking business.
Civilian Conservation Corps (CCC)
Year: 1933 Effect: Provided jobs for young men to work on environmental conservation projects.
Tennessee Valley Authority (TVA)
Year: 1933 Effect: Regional economic development agency that addressed issues in the Tennessee Valley, such as flooding, electricity generation, and modernization.
Securities Act of 1933
Year: 1933 Effect: Required that investors receive financial information on stocks, bonds, and other securities being sold.
Securities and Exchange Commission (SEC)
Year: 1934 Effect: Created to regulate the stock market and prevent corporate abuses relating to securities trading and stock manipulation.
Public Works Administration (PWA)
Year: 1933 Effect: Created large-scale public works construction projects to provide jobs and improve infrastructure.
Works Progress Administration (WPA)
Year: 1935 Effect: Employed millions of job-seekers to carry out public works projects, including the construction of roads and public buildings.
Federal Deposit Insurance Corporation (FDIC)
Year: 1933 Effect: Guaranteed bank deposits, protecting depositors' money in case of bank failures.
Emergency Banking Act
Year: 1933 Effect: Allowed banks to reopen once they were deemed financially stable during the Bank Holiday.
Agricultural Adjustment Act (AAA)
Year: 1933 Effect: Reduced agricultural surplus and raised prices for struggling farmers by paying them to reduce crop area.
National Industrial Recovery Act (NIRA)
Year: 1933 Effect: Authorized the President to regulate industry with the aim of promoting fair competition and stimulating economic recovery.
Gold Reserve Act
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.
Federal Housing Administration (FHA)
Year: 1934 Effect: Established to improve housing standards and conditions, and to provide an adequate home financing system through insurance of mortgages.
Rural Electrification Act
Year: 1936 Effect: Provided federal loans for the installation of electrical distribution systems to serve isolated rural areas of the United States.
Back to Work program
Year: 1933 Effect: Provided immediate relief to the unemployed, reform of business and financial practices, and a program of public works.
National Youth Administration (NYA)
Year: 1935 Effect: Focused specifically on providing work and education for Americans between the ages of 16 and 25.
Reconstruction Finance Corporation (RFC)
Year: 1932 Effect: Provided financial support to state and local governments and made loans to banks, railroads, mortgage associations, and other businesses.
Wagner Act (National Labor Relations Act)
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.
Fair Labor Standards Act
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.
Social Security Expansion
Year: 1950s and subsequent years Effect: The Social Security program was expanded to include dependents and survivors' benefits, disability benefits, and Medicare.
First New Deal vs. Second New Deal
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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