Major Legislation of the New Deal Programme 1933-1934

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Across
  1. 5. (1934) - reform - Regulatory agency for trading in stocks and bonds to comply with federal laws.
  2. 7. (1933) - relief - Programme that financed 35000 federal, state and local projects costing a total of $6 billion - a large source of employment. Major involvement in housing, energy supplies and conservation. Included the Civil Works Administration, run by Harry Hopkins.
  3. 8. (1933) - recovery - Provided short and medium-term loans to enable farmers struggling with low incomes to keep their homes and land by refinancing their mortgages.
  4. 9. (1933) - relief - Provided work for young men aged 18-25, paying $30 a month, of which $25 had to be sent to their families. Stayed in camps, organised on military lines and worked on regional environmental projects, such as national parks where they built trails, recreation facilities and access roads.
  5. 10. (1933) - recovery - Purpose: Used farm subsidies to regulate farm production.
  6. 11. (1934) - reform - Agency to regulate wired and wireless communications, later to regulate television as well. Part of a programme of government regulation of new enterprises.
Down
  1. 1. (1933) - relief - Families were paid relief benefits from the government for taking work organised by the government, with $500 million given to states and local governments.
  2. 2. (1933) - recovery - Regional planning of a deprived area, with hydro-electricity production, environmental conservation, flood control, educational and health projects. Involved the states of Virginia, North Carolina, Tennessee, Georgia, Alabama, Mississippi and Kentucky.
  3. 3. (1934) - reform - Federal guarantees of private mortgages, with reduced down payments from 30% to 10% and extended repayment time 20 to 30 years. Enabled more Americans to purchase their own homes.
  4. 4. (1933) - reform - Prohibited commercial banks from selling stock or financing corporations. Created the Federal Deposit Insurance Corporation (FDIC), which guaranteed savings deposits up to $2500. Protected the ordinary depositor from loss of savings. Separated investment banks from commercial banks so that investors’ money could no longer be used for speculative ventures on the stock market.
  5. 6. (1933) - recovery - Attempted to establish national economic planning by devising and running a series of codes for industries. The codes were to control production, prices, labour relations and trading practices.