Depression Note Cards
Terms
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- Emergency Banking Act
- Federal governmnet declared a bank holiday and declared the banks either safe or unsafe. banks were either reopened or stayed shut down
- glass-steegal act
- created a banking insurance company, up to $5000 at the time
- SEC
- regulated the stock market
- Gold Reserve Act
- government backs up paper money
- CCC
- created jobs for men 18-25, earned $30 per month, most of which went to the family
- TVA
- aimed around the Tenessee area, created jobs and improved the lives of the group, built dams and created electricity and factories
- HOLC
- refinanced mortgages
- AAA
- raised prices on food and lowered the surplus
- NIRA
- every industry had to get together to write a code and create certain standards of quality
- FERA
- provided direct relief