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The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.The Federal Emergency Relief Administration (FERA) provided US$500 million (equivalent to $11.8 billion in 2023) for relief operations by states and cities, and the short-lived CWA gave locals money to operate make-work projects from 1933 to 1934. [2]
(1946). Highly detailed analysis and statistical summary of all New Deal relief programs; 900 pages. online; Mertz, Paul. New Deal Policy and Southern Rural Poverty. (1978) Sautter, Udo. "Government and Unemployment: The Use of Public Works before the New Deal", The Journal of American History, Vol. 73, No. 1 (Jun., 1986), pp. 59–86 in JSTOR ...
The National Act of 1934, H.R. 9620, Pub. L. 73–479, 48 Stat. 1246, enacted June 27, 1934, also called the Better Housing Program, [1] was part of the New Deal passed during the Great Depression in order to make housing and home mortgages more affordable. [2]
The first bill proposed a new progressive tax code designed to cap personal fortunes at $100 million ($2.372 billion in 2024 dollars). Fortunes above $1 million ($23.72 million in 2024) would be taxed at 1%; fortunes above $2 million ($47.45 million in 2024) would be taxed at 2%, and so forth, up to a 100% tax on fortunes greater than $100 million.
The first major test of New Deal legislation came in Panama Refining Co. v. Ryan, [15] announced January 7, 1935. Contested in this case was the National Industrial Recovery Act, Section 9(c), in which Congress had delegated to the President authority "to prohibit the transportation in interstate and foreign commerce of petroleum ... produced or withdrawn from storage in excess of the amount ...
The Resettlement Administration (RA) was a New Deal U.S. federal agency created May 1, 1935. [1] It relocated struggling urban and rural families to communities planned by the federal government. On September 1, 1937, it was succeeded by the Farm Security Administration .
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The New Deal was an economic plan put forth by Franklin Roosevelt that was notable in the speed by which it reacted to problems but heavily criticized by opponents the method by which it went about solving those problems which could be seen as hasty. [citation needed] The New Deal: