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The New Deal was a set of economic programs, passed by Congress during President Roosevelt's first term, 1933-1937, in response to the Great Depression. The programs of The New Deal programs were to provide relief, recovery, and reform. The programs started in the first 100 days of President Roosevelt's first term, and were to deliver relief to the unemployed, and to those in danger of losing their homes, as well as, deliver recovery to agriculture and business, and reform, in general.

The first and one of the largest of The New Deal Programs was

  • The Tennessee Valley Authority (TVA)- which allowed the federal government to build dams and power plants in the Tennessee Valley, coupled with agricultural and industrial planning, to generate and sell the power, and to engage in area development. The TVA was given an assignment to improve the economic and social circumstances of the people living in the river basin.
  • Emergency Banking Act - provided the president with the means to reopen viable banks and regulate banking;
  • Federal Securities Act - to stiffen regulation of the securities business.
  • Economy Act - cut federal costs through reorganization of and cuts in salaries and veterans' pensions
  • Beer-Wine Revenue Act- legalized and taxed wine and beer
  • Civilian Conservation Corps Act - Three million young men, between the ages of 18 to 25, found work in road building, forestry labor and flood control through the establishment of the Civilian Conservation Corps (CCC)
  • Federal Emergency Relief Act - established the Federal Emergency Relief Administration to distribute $500 million to states and localities for relief. Administered by Harry Hopkins for relief or for wages on public works, that federal agency would eventually pay out about $3 billion
  • Agricultural Adjustment Act - established the Agricultural Adjustment Administration to decrease crop surpluses by subsidizing farmers who voluntarily cut back on production
  • Thomas Amendment to the Agricultural Adjustment Act, permitted the president to inflate the currency in various ways

    The summer of 1935, President Roosevelt brought more programs under The New Deal, into effect.

  • Joint resolution to abandon the gold standard
  • National Employment System Act - established the U.S. Employment Service
  • Home Owners Refinancing Act - established the Home Owners Loan Corporation (HOLC) to refinance non-farm home mortgages
  • Glass-Steagall Banking Act - instituted various banking reforms, including establishing the Federal Bank Deposit Insurance Corporation, that insured deposits up to $5,000, and later, $10,000
  • Farm Credit Act - provided for the refinancing of farm mortgages
  • Emergency Railroad Transportation Act - increased federal regulation of railroads
  • National Industrial Recovery Act - established the National Recovery Administration and the Public Works Administration
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Q: What program did Roosevelt create to end the Great Depression?
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