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FDR Inauguration
Franklin Delano Roosevelt sworn into office as 32nd President -
Emergency Banking Act (Relief)
The act was passed to help stabilize the banking system. The law allowed the twelve Federal Reserve Banks to issue additional currency on good assets. -
Civilian Conservation Corps (Relief)
This was a volunteer public work relief program for unemployed, unmarried men. The CCC provided manual labor jobs related to the conservation and development of natural resources in rural lands owned by federal, state, and local governments. The CCC was designed to provide jobs for young men and to relieve families who had difficulty finding jobs in the Great Depression. -
Public Works Administration (Relief)
This agency was created by the National Industrial Recovery Act of 1933 in response to the Great Depression. This agency built large-scale public works such as dams, bridges, hospitals, and schools. Its goals were to provide employment, stabilize purchasing power, and help revive the economy. -
Federal Insurance Deposit Corporation (Reform)
The FDIC provides deposit insurance to depositors in U.S. commercial banks and savings banks. The FDIC was enacted during the Great Depression to restore trust in the American banking system. -
Securities Exchange Act of 1934 (Reform)
The act is a law governing the secondary trading of securities (stocks, bonds, and debentures) in the United States of America. The act forms the basis of regulation of the financial markets and their participants in the United States. The 1934 Act also established the Securities and Exchange Commission (SEC), the agency primarily responsible for enforcement of United States federal securities law. -
Federal Housing Administration (Recovery)
The FHA sets standards for construction and underwriting and insures loans made by banks and other private lenders for home building. The goals of this organization are to improve housing standards and conditions, to provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market. -
Resettlement Administration (Relief)
The Resettlement Administration relocated struggling urban and rural families to communities planned by the federal government. The main focus of the RA was to build relief camps in California for migratory workers, especially refugees from the drought-struck Dust Bowl of the Southwest. The RA managed to construct 95 camps that gave migrants unaccustomed clean quarters with running water and other amenities. -
Works Progress Administration (Relief)
The WPA employed millions of job-seekers to carry out public works projects, including the construction of public buildings and roads. The WPA provided jobs and income to the unemployed during the Great Depression while developing infrastructure to support society. -
National Labor Relations Act (Reform)
The National Labor Relations Act guarantees the right of private-sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes. The National Labor Relations Act seeks to correct the "inequality of bargaining power" between employers and employees by promoting collective bargaining between trade unions and employers. -
Social Security Act (Reform)
The law established the Social Security program, an old-age program funded by payroll taxes. The Social Security program contributed to a dramatic decline in poverty among the elderly, while spending on Social Security became a major part of the federal budget. The Social Security Act also established an unemployment insurance program administered by the states. -
Public Utilities Holding Company Act of 1935
This act was a US federal law giving the Securities and Exchange Commission authority to regulate, license, and break up electric utility holding companies. It limited holding company operations to a single state, thus subjecting them to effective state regulation. Another purpose of the PUHCA was to keep utility holding companies engaged in regulated businesses from also engaging in unregulated businesses. -
Fair Labor Standards Act (Reform)
The Fair Labor Standards Act of 1938 is a United States labor law that creates the right to a minimum wage, and "time-and-a-half" overtime pay when people work over forty hours a week. It also prohibits employment of minors in "oppressive child labor". It applies to employees engaged in interstate commerce or employed by an enterprise engaged in commerce or in the production of goods for commerce unless the employer can claim an exemption from coverage.
