Title: The New Deal (article) | Khan Academy
Headings: The New Deal
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The New Deal
Overview
Origins of the New Deal
The First New Deal (1933-1934)
The Second New Deal (1935-1938)
The legacy of the New Deal
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Content: The Agricultural Adjustment Act (AAA), which boosted agricultural prices by offering government subsidies to farmers to reduce output. The Civilian Conservation Corps (CCC), which employed young, single men at federally funded jobs on government lands. The Federal Emergency Relief Act (FERA), which gave federal grants to states that funded salaries for government workers as well as local soup kitchens and other direct-aid to the poor programs. The National Recovery Act (NRA), which sought to boost businesses’ profits and workers’ wages by establishing industry-by-industry codes that set prices and wages, as well as guaranteeing workers the right to organize into unions. The Federal Deposit Insurance Corporation (FDIC), which guaranteed individuals that money they deposited in a bank would be repaid to them by the federal government in the event that their bank went out of business. In 1934, Roosevelt supported the passage of the Securities and Exchange Commission (SEC), which brought important federal government oversight and regulation to the stock market. The Second New Deal (1935-1938)
The second phase of the New Deal focused on increasing worker protections and building long-lasting financial security for Americans. Four of the most notable pieces of legislation included: The Works Progress Administration (WPA), which employed millions of Americans in public works projects, from constructing bridges and roads to painting murals and writing plays. This mural in San Francisco's Coit Tower was supported by the Works Progress Adminsitration.