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Essay / History of New Deal Reforms - 1592
Faazilah MohamedAPUSH, 3M period. HowdenMarch 3, 2014New Deala Reforms. The Emergency Banking Relief Act was created to investigate and regulate banks by the federal government. He monitored credit, currency and foreign exchange transactions. This was a “relief” act intended to help industry/finance/business. Civilian Conservation Corp was created to provide employment for single men. This was a “relief” act that helped workers who were previously unemployed. The Federal Emergency Relief Administration also helped provide jobs for the unemployed, primarily men. This was an act of “relief” that also helped workers find employment. The Agricultural Adjustment Act was a government regulation that limited agricultural production to allow farmers' wages to increase. This was an act of reform that served to help farmers. The Tennessee Valley Authority contributed to the development of the Tennessee Valley through the development of the power plant and other infrastructure. This was a stimulus act that helped businesses by funding their projects, and the money was eventually paid to workers. The Homeowner Refinancing Act helped homeowners meet their mortgages by providing them with loans when needed. This law was a “relief/recovery” law and helped farmers because they had to pay off their mortgages. The National Industry Revival Act was created to regulate the money supply and interest rates. This was a stimulus bill that helped industry/finance/business. The Public Works Administration gave jobs to many unemployed people in the government in order to increase purchasing power and stimulate the economy. It was an act of recovery that helped workers. The Glass-Steagall Banking Reform Act served to provide insurance for money deposited...... middle of paper...... as well as workers' wages. The government simply let it happen, preferring efficiency and growth of the business sector over strict regulation. Unions and other groups that have tried to slow production have not won support in federal courts. In the 1930s, however, the New Deal under Roosevelt used heavy government intervention to support special interest groups to help labor and agriculture. The Agricultural Adjustment Act demonstrated explicit government support and funding to limit production to ensure that farmers' wages could increase. The State Works Administration also injected funds into workers' welfare benefits from the government. The New Deal therefore demonstrated a more active policy of government support for labor and agriculture in the 1930s, compared to Republican support for trade and industry a decade earlier..