Sunday, December 4, 2016

What does FDR's word stand for "TVA" "AAA" "NIRA" "NLRB" "CCC" and "FDIC" thanks

Franklin D. Roosevelt ran for president in 1932. He defeated Herbert Hoover in the election. The Great Depression played a significant role in President Hoover’s defeat. People wanted a change in philosophy, and President Roosevelt promised to get the government much more actively involved in trying to deal with the effects of the Great Depression.


President Roosevelt launched his New Deal program immediately upon taking office. There were many programs created that tried to provide...

Franklin D. Roosevelt ran for president in 1932. He defeated Herbert Hoover in the election. The Great Depression played a significant role in President Hoover’s defeat. People wanted a change in philosophy, and President Roosevelt promised to get the government much more actively involved in trying to deal with the effects of the Great Depression.


President Roosevelt launched his New Deal program immediately upon taking office. There were many programs created that tried to provide relief, recovery, and reform. Sometimes these programs were called the alphabet soup of New Deal programs because they were called by the initials of the program. For example, the TVA stood for the Tennessee Valley Authority. The goal of this program was to bring electricity to the South at a lower cost.


There were several other programs that were a part of the New Deal. The Agricultural Adjustment Act, known as the AAA, paid farmers not to grow crops. Overproduction was an issue for farmers so they were paid not to produce them. The National Industrial Recovery Act or NIRA established rules of fair competition. Businesses, workers, and the government agreed on the rules. The National Labor Relations Board was created as a result of the National Labor Relations Act, commonly called the Wagner Act. The NLRB was created to help workers in unions. The NLRB could order businesses to stop unfair businesses practices. It also could certify the results of union elections. It also could offer arbitration as a way to settle disputes between union members and the employer. The Civilian Conservation Corps or the CCC provided work for unemployed young men between the ages of 18-25. They would go to the West to work on conservation projects. Finally, the FDIC or the Federal Deposit Insurance Corporation would provide insurance for savings accounts. People could be more confident that their money in their savings account would be safe because of this insurance program.


All of these programs, as well as others that were also created, tried to help people deal with the effects of the Great Depression.

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