History The Great Depression Questions
President Franklin D. Roosevelt's Fifth New Deal during the Great Depression focused on implementing various economic policies to stimulate the economy and provide relief to those affected by the crisis. Some key policies included:
1. Social Security Act: This act established a system of old-age pensions, unemployment insurance, and welfare benefits to provide a safety net for individuals and families.
2. Works Progress Administration (WPA): The WPA aimed to create jobs by funding public works projects such as the construction of roads, bridges, and public buildings.
3. National Labor Relations Act (NLRA): Also known as the Wagner Act, this legislation protected workers' rights to form labor unions and engage in collective bargaining.
4. Fair Labor Standards Act (FLSA): This act established a federal minimum wage, maximum work hours, and prohibited child labor.
5. Rural Electrification Administration (REA): The REA aimed to bring electricity to rural areas by providing loans and grants to cooperatives for the construction of power lines and electrical infrastructure.
6. Securities and Exchange Commission (SEC): The SEC was established to regulate the stock market and protect investors from fraudulent practices.
7. Agricultural Adjustment Act (AAA): The AAA aimed to stabilize agricultural prices by paying farmers to reduce production and implement soil conservation measures.
These policies aimed to provide economic relief, create jobs, protect workers' rights, regulate financial markets, and support various sectors of the economy during the Great Depression.