Which New Deal program monitored the stock market?
Securities Exchange Act of 1934 On June 6, 1934, President Franklin D. Roosevelt signed the Securities Exchange Act, which created the SEC. This Act gave the SEC extensive power to regulate the securities industry, including the New York Stock Exchange.
What did the 2nd New Deal create?
The most important programs included Social Security, the National Labor Relations Act (“Wagner Act”), the Banking Act of 1935, rural electrification, and breaking up utility holding companies.
What were the New Deal public works programs and what was their purpose?
It built large-scale public works such as dams, bridges, hospitals, and schools. Its goals were to spend $3.3 billion in the first year, and $6 billion in all, to provide employment, stabilize purchasing power, and help revive the economy. Most of the spending came in two waves in 1933–35, and again in 1938.
What was the New Deal during the Great Depression?
Roosevelt’s “New Deal” aimed at promoting economic recovery and putting Americans back to work through Federal activism. New Federal agencies attempted to control agricultural production, stabilize wages and prices, and create a vast public works program for the unemployed.
Was the SEC relief reform or recovery?
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 |
How did the New Deal change things for American workers quizlet?
Sharecroppers, a common occupation of African Americans, were no longer needed and lost their jobs and homes. Even “alphabet soup” jobs discriminated against minorities. It changed the American life because it gave people the opportunity to have jobs after losing them because of the Depression.
What did the New Deal do for America?
The New Deal was responsible for some powerful and important accomplishments. It put people back to work. It saved capitalism. It restored faith in the American economic system, while at the same time it revived a sense of hope in the American people.
What were the major criticisms of the New Deal quizlet?
Terms in this set (6)
- Liberals. Roosevelt didn’t do enough to help the poor.
- Conservatives. new Deal gave gov’t too much control of agriculture and business.
- Supreme Court. Struck down NIRA and AAA as unconstitutional.
- Father Charles Couglin.
- Dr.
- Huey Long.
