FDR’s Instructions: What is important the following— Relief Recovery Reform (Short-term) (Stimulus) (Systematic) Is like a band-aid Is like a cast Is like prevention — — — Bank Holiday: closed all National Recovery Administration: Social Security Administration: nation’s banks to stabilize federal program that set workers/employers pay into and restore consumer prices and production controls system that provides support for confidence plus a minimum wage the unemployed and elderly Emergency Mortgage Loans: Securities & Exchange to support business and Commission: organized to consumers Agricultural Adjustment oversee the stock market and Administration: paid farmers prevent corruption to plant fewer crops; Work Relief Programs: government also bought CCC;PWA; WPA hired Federal Deposit Insurance Corp.: overages workers for federal insures bank deposits up to $250,000 projects Tennessee Valley Authority: 14
FDR’s Instructions: What is important the following— Relief (Short-term) Is like — a band-aid Recovery (Stimulus) Is like — a cast Reform (Systematic) Is like — prevention Bank Holiday: closed all nation’s banks to stabilize and restore consumer confidence Emergency Mortgage Loans: to support business and consumers Work Relief Programs: CCC;PWA; WPA hired workers for federal projects National Recovery Administration: federal program that set prices and production controls plus a minimum wage Agricultural Adjustment Administration: paid farmers to plant fewer crops; government also bought overages Social Security Administration: workers/employers pay into system that provides support for the unemployed and elderly Securities & Exchange Commission: organized to oversee the stock market and prevent corruption Federal Deposit Insurance Corp.: insures bank deposits up to $250,000 Tennessee Valley Authority: 14
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