Question
Ch to ensure the deposits of approved banks against loss in the event of bank failure.
d. Created in 1934 to encourage residential construction, repair, and modernization by
insuring loans and mortgages
c. Created in 1935 to protect employees in their rights to self-organization and
collective bargaining
f. Created in 1933 to operate government -owned properties at Muscle Shoals, Ala.; to
develop water and power resources of the Tennessee River watershed
g. Created in 1935 to relieve unemployment
2. What economic impact did New Deal programs have on various groups of people?
L.
2.
3.
Answer
a. FDIC
b. Social Security
c. National Labor Relations Act
d. Federal Housing Administration
e. Civilian Conservation Corps
f. Tennessee Valley Authority
g. Works Progress Administration
2. New Deal programs had different economic impacts on various groups of people. For example, the FDIC helped restore confidence in the banking system and protected depositors. Social Security provided a safety net for elderly and disabled Americans. The National Labor Relations Act strengthened the power of labor unions. The Federal Housing Administration made it easier for people to obtain mortgages and buy homes. The Civilian Conservation Corps provided jobs and training for young men. The Tennessee Valley Authority brought electricity and economic development to rural areas. The Works Progress Administration created jobs and funded public works projects.