2. The Three R’s
•1. Relief - Immediate action taken to halt the
economy’s deterioration.
•2. Recovery - "Pump - Priming" Temporary
programs to restart the flow of consumer demand.
•3. Reform - Permanent programs to avoid another
depression and insure citizens against economic
disasters.
3. AAA
Agriculture Adjustment
Administration
FIRST Recovery
STATED PURPOSE
Paid farmers to reduce the amount of crops they planted,
in order to cut excess production.
SUCCESSFUL?
Farm income rose, but many tenants and share-croppers
became unemployed. In 1936 the Supreme Court
declared it unconstitutional.
4. CCC
Civilian Conservation Corps
FIRST RELIEF
STATED PURPOSE
Created jobs for over two million young
unmarried men in conservation work and
parks.
SUCCESSFUL?
Considered one of the most successful. Employed 3
million workers and created many roads, bridges, and
buildings.
5. FDIC
Federal Deposit Insurance Corporation
FIRST REFORM
STATED PURPOSE
Protected people’s bank deposits, thus eliminating the
problem of “bank runs” that were a serious problem in
early 1930s.
SUCCESSFUL?
Has been successful at maintaining public
confidence in the U.S. banking system.
6. FHA
Federal Housing Administration
FIRST Recovery
STATED PURPOSE
Created to stimulate the building industry
by insuring loans for building and repairing
homes
SUCCESSFUL?
7. NLRA(Wagner Act)
National Labor Relations Act/Board
FIRST REFORM
STATED PURPOSE
created the National Labor Relations Board to protect the
rights or organized labor to organize and collectively
bargain with employers.
SUCCESSFUL?
9. PWA
Public Works Administration
FIRST RELIEF…RECOVERY
STATED PURPOSE
intended for industrial recovery and unemployment
relief. Eventually over $4 billion was spent on
34,000 construction projects including public buildings, highways,
bridges (e.g., San Francisco's Golden Gate Bridge), and dams for
water and power
SUCCESSFUL?
10. SEC
Securities and Exchange Commission
FIRST REFORM
STATED PURPOSE
Created to serve as a federal "watchdog" administrative agency to
protect public and private investors from stock market fraud,
deception and insider manipulation on Wall Street. The SEC is still in
existence.
SUCCESSFUL?
Successful at making it safer to buy stocks, bonds, and
mutual funds.
11. SSA
Social Security Administration
FIRST REFORM
STATED PURPOSE
a national pension fund for retired persons, an unemployment
insurance system, and public assistance programs for dependent
mothers, children, and the physically disabled. The pension was
financed by a payroll tax to begin in 1937.
SUCCESSFUL?
Still in existence today. Over the years it has been expanded to
provide more services. It accounts for nearly a quarter of the federal
budget. By the year 2035 SSA will be able to cover only 75% of its
current obligations.
12. TVA
Tennessee Valley Authority
FIRST REFORM
STATED PURPOSE
Created for the economic development of the Tennessee River watershed. The TVA built
twenty dams to control flooding, generate hydroelectrical power, increase agricultural
production, and revitalize the Tennessee Valley region. The TVA also provided jobs, low-
cost housing, reforestation and other services.
SUCCESSFUL?
Still in existence today. One of the most successful projects dealing
with generation of electricity, deforestation and flood control.
13. WPA
Works Progress Administration
FIRST RELIEF
STATED PURPOSE
Employed 8.5 million workers in construction and
other jobs, also provided work in arts, theater,
and literary projects.
SUCCESSFUL?
Employed 8,5 million people. WPA employees built
bridges, roads, public buildings, public parks and
airports. Average salary was $42 per month