Alphabet Agencies
Notes
- TVA - Tennessee Valley Authority - Diking of Mississippi River (Very Keynesian)
- FCA - Farm Credit Association - Stabilize agricultural prices
- NRA - National Recovery Administration - Stabilize prices and improve labor condition
- CCC - Civil Conservation Corps
- AAA - Agricultural Adjustment Act
Political Cartoon
Quote
This Nation asks for action, and action now. Our greatest primary task is to put people to work. I shall ask Congress for executive power to wage was against the emergency.
-Roosevelt
-Roosevelt
Subjunctive Question
To what extent did alphabet agencies aid in the economic downfall of 1929? How would the depression had recovered without these set in place?
Summary
Alphabet agencies were established by Roosevelt in order to reverse the plummeted economy. They were aimed to pump money back into the economy by giving the unemployed jobs. TVA helped unemployed workers. FCA helped farmers make a real living. NRA introduced minimum wages and labor conditions. CCC allowed youth to help work (boys club) and help economy. AAA made sure people didn't over farm, and farmed with the right techniques