Federal Emergency Relief Administration Case Study

Improved Essays
Federal Emergency Relief Administration (FERA)
Gave loans to states that needed funding for relief programs

Implemented May 1933, President Roosevelt's first major initiative that had to do with the great depression.

The Federal Emergency Relief Admin, was terminated in 1935 and was handed over to the Works Progress Administration (WPA) and Social Security Board.

Public Works Administration (PWA)
Originally called the Federal Emergency Administration of Public Works.
Later changed to Public Works Administration.(PWA) admini Part of the New Deal of 1933, a big construction agency in the US, created by National Industial Recovery Act in JUne 1933. They built bridges, schools, hospitals, etc.
Their intention was to use a total of $6 billion
…show more content…
It was formed in time of emergency, and hed for temporary exsistance. It was voted out by congress in late June, 1942.

The Federal Deposit Insurance Corperation (FDIC)

The FDIC is a US government corperation. It was an independant agency created by the Banking Act of
1933.It provides deposit insurance garunteeing safety for a depositor's accounts, banking up to 250,000 for each deposit ownership in each insured bank. As of late August 2014, the FDIC insured deposits at
6,638 institutions. It also supervises financial institutions for high safety and manages failed banks.
This act doesn't need any appropriations of the Congress. It insures thrift institutions and investments in the US Treasury security. And is located in Washington DC.
The FDIC still exsists and playes an essential and signifigant role in our society today.

National Recovery Administration (NRA)

The NRA, founded late 1871, is an American, non-profit organization that publically supports gun rights.
They teach how to use your firearms in safety. They have published several magazine and they sponsor markmanship events. In May 2013, the membership surpassed around 5 million. Although the NRA
…show more content…
The NYA was transfered to the Federal Security Agency. In 1942, it was again transfered to the
War Manpower Comission (WMC). It officially sewed up in 1943. 155,000 youth working part time from relief families were paid $10 to $25 a month and were job trained. The annual budget was around
$58,000,000.

The Wagner Act

Also known as the National Labor Relations Act, is a foundation of the US labor law. It was in effect in July, 1935.
It guarantees basic rights in collective bargaining. It doesn't apply to employers covered by the
Railway Labor Act, state or local government workers, domestic, agricultural, supervisor, or federal workers. It is still active today.

The Social Security Act

The SSA was created in 1934, during the first term of FDR's office. It was passed as the second part of the New Deal. It was attempted to limit old age, unemployment, and poverty. Widows, and fatherless children. President Roosevelt was the first president to advocate federal assistance for the elderly.
This act benefits to the unemployed, and retirees, and benefit at death. The money is taken from your present payroll and "saved away" for later on in life, insurance, and to the states to assist aged

Related Documents

  • Improved Essays

    The 1947 Labor Management Relations Act commonly inferred to as the Taft-Hartley Act is a United States law by the Federal governance that restricts some of the activities and powers held by the Labor Unions. The Act is still in effect with its sponsorship steered by the former Senator Robert A. Taft together with Representative Fred A. Hartley. It was enacted into law after an overcoming act to former U.S 's President Harry S.Truman who had Veto installed with a decree to practicing slavery of the laborers. Four major statutes are dating back to the American history making up the Labor Management Relations Act. LMRA cornerstone has provisions that employees ought to have rights to joining and bargaining in Unions.…

    • 1373 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    DIA Act 1980

    • 528 Words
    • 3 Pages

    Many individuals question whether the DIA act of 1982 was a contributing factor to the savings and loan crisis in the late 1980s. The FSLIC, Federal Savings and Loan Insurance Corporation, did not help eradicate to the risky situation of the saving associations. It did not close many of the bankrupt associations. In fact, by not closing the failing associations, it was encouraging firms to invest in risky investments by continuing to insure deposits at these associations. This eventually lead to the savings and loan crisis in the late…

    • 528 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The Federal Deposit Commission was created by Roosevelt to make sure that all depositors accounts were safe and protected. The Federal Deposit Commission promised to ensure any money made out to banks so people would at least know there wouldn't be a Great Depression part two. President Roosevelt created it as a way to reform the system of finance and make it stable enough to last for a long time. Roosevelt’s Federal Deposit Insurance Commission was so successful that to this day it is still in effect. Some may argue that franklin D. Roosevelt’s experimenting was fered and he had taken them off the gold standard, however much evidence shows that Roosevelt had changed America forever by completely reforming the financial…

    • 480 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The New Deal Dbq Essay

    • 1647 Words
    • 7 Pages

    This act empowered the president through the Treasury Department to reopen banks that were solvent and assist those that were not. The House and the Senate passed the law with overwhelming support from both…

    • 1647 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    Franklin Delano Roosevelt stepped in as leader during a dark time in American history. Although some of his policies were unsuccessful, many of them helped pull America out of the Great Depression. There were a multitude of causes for the Depression, it was a culmination of many smaller problems resulting in one very big problem. There were also many reason as to why it lasted so long and was so cruel. FDR’s policies and programs were somewhat controversial and debated by many, but most of them proved to be successful.…

    • 1120 Words
    • 5 Pages
    Great Essays
  • Great Essays

    In 1935, he introduced presented legislation to expand temporary work relief programs for the unemployed and to make a lasting economic security program. He also proposed expanding government financed work relief for the unemployed in which Congress replied by passing the Resettlement Administration; the Resettlement Administration directed provincial help exercises. Soon thereafter, Roosevelt 's organization proposed an arrangement for unemployment and disability insurance. The president relegated Labor Secretary Frances Perkins to oversee drafting the Social Security Act. She proposed a legislature regulated system supported by contributions from laborers and employers, not by tax revenue.…

    • 1895 Words
    • 8 Pages
    Great Essays
  • Improved Essays

    This legislature created two separate entities which are the FSOC and the CFPB. The FSOC’s, or the Financial Stability Oversight Council, main purpose was to monitor the financial stability of major companies which have a direct impact to the economy if they…

    • 1726 Words
    • 7 Pages
    Improved Essays
  • Great Essays

    The 2007-2009 Financial crisis left significant wounds on the American financial system. After 10% unemployment and over 1.5 trillion taxpayer dollars, many undoubtedly continue to question the usefulness and relevance of the Federal Reserve Banking System and its actions in today’s modern banking environment (Gorton and Metrick). Since the Federal Reserve was created in 1913, its mission to increase banking stability through preventive and reactionary policy while promoting economic growth in the American economy has been largely successful. However, after analyzing evidence from both papers, “Did the Founding of the Federal Reserve Affect the Vulnerability of the Interbank System to Systemic Risk?” and “The Financial Crisis of 2007-2009,”…

    • 1851 Words
    • 8 Pages
    Great Essays
  • Decent Essays

    The Social Security Act of 1935 was a response to Townsend’s complaints. The act was aimed at provided provisions for the for unemployables (disabled, dependent children, the disabled, blind), unemployment insurance, and old-age pensions. FDR was the first president in history to ever advocate government assistance to the elderly.…

    • 49 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The National Rifle Association Intercultural Competence The National Rifle Association, or NRA, is one of, if not, the biggest groups of supporters and protectors of individuals rights as a citizen of the united states to bear arms for several different reasons such as self defence, hunting, and various sporting practices. The right to bear arms is one of the many constitutional rights of all americans and is a highly controversial topic. Almost all political actions that involve gun laws, regulations or bills have involved the NRA in one way or another. The reason that the government involves the National Rifle Association in all of their political ordeals is because of the insight and wisdom of gun knowledge that they have.…

    • 843 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Reducing Poverty The goal of the video, Reducing Poverty, is “to examine some of the causes of differences in income, and to describe and analyze some of the government policies that attempt to reduce poverty”. This essay will use examples of the various programs put in place by the government and what companies can do to reduce poverty in America. After the Great Depression when the elderly of the nation could no longer work, President Franklin D. Roosevelt put forth a social security program.…

    • 400 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    New Deal Impact

    • 730 Words
    • 3 Pages

    This was only the first phase/wave of the New Deal. There were three waves, starting in 1932 and ending in 1940. In the first phase, FDR encouraged Congress to pass 47 programs to stabilize the U.S financial system, provide relief to farmers and jobs to the unemployed, and build private-public partnerships to boost manufacturing. The impact of these laws was not felt right away but Franklin Roosevelt knew it would take some time. FDR pushed hard for a litter of new programs into existence, like the CCC (Civilian Conservation Camp), CWA (Civilian Works Administration), and WPA (Works Progress Administration).…

    • 730 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Memo to Don Parcell FFB Situation Briefly, First Fidelity had been growing up for the past 30 years, changed by reorganisations, acquisitions, and mergers. As a large corporation, it has been called First Fidelity Bancorporation (FFB) after major expansion in 1980s. However, FFB’s performance was decreasing during late 1980s, where stock price was dropping below its book value. Historically, there was also a large asset write off during 1989. Knowing these problems, management team was all replaced after February 1990.…

    • 1350 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Uk Regulatory Framework

    • 771 Words
    • 4 Pages

    Regulatory framework in the UK As a committee operated by the Bank of England (the Bank), the FPC is in charge of macro-prudential supervision, and has powers of recommendation to ‘twin peaks’ – PRA (in charge of micro-prudential) and FCA (in charge of consumer protection) to address systemic risks. (H.M. Treasury, 2011) Rationales for the regulation of the near-term risks raised by the referendum the UK’s regulation of the financial services industry reflects the need of protecting the public interest in a robust and stable financial system. (Moloney, 2016) Achieve the UK regulatory objectives as follows: (a) Sustaining market confidence in the UK financial system; (b) Promoting the protection and advancement of the financial stability…

    • 771 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Online banking which also is referred to as internet Banking or electronic Banking (eBank), connects the consumers to the bank 's internet site through a browser as the means of conducting and managing various banking activities. It is noteworthy to mention that the banks are not restricted to exist exclusively online or to have a physical site; rather they can be any of the two or the combination of both. There are banks that have no physical sites, e.g. Telebank in Arlington, Virginia, while some banks like Bank of America, exist both online and also have physical sites. Some of these activities are as follows: • Make different payments, e.g. pay your bills • View account statements and while making inquiries, monitor your account balances…

    • 1034 Words
    • 5 Pages
    Superior Essays