Semi+Ibikunle

 Get The Economy Back On Track

1.The Reconstruction Finance Corporation (RFC) was an independent agency of the US government. The agency gave $2 billion to state and local governments and made loans to banks, railroads, farm mortgage associations, and other businesses. It was made to help stimulate the economy in the 1930's in hopes of jumpstarting the economy just like the American Recovery Act President Obama signes

2.Federal Emergency Relief Administration (FERA)- FERA under Presidet Hoover gave loans to the states to operate relief programs. FERA's main goal was to ease the household unemployment by creating new jobs in the local and state government. By doing this, the government hoped that it would save jobs and decrease the unemployment rate. This is similar to what the current administration is trying to do today in our time.

3.The Civilian Conservation Corps (CCC) was a public work relief program for unemployed young men age 18-24, providing manual labor that helped with the development of natural resources froom 1933 to 1942. This is also similar to the American Recovery Act in that it hopes to save and create jobs which in theory, will help the economy recover.

Fight The Housing And Financial Crises

1. Homeowners Loan Association (HOLC) helped people keep thier homes. The government bought properties from the banks which allowed people to pay the government instead of the banks in installments they could afford. This helped keep people in there homes and banks afloat. This is simila to today because the housing market completky crashed and the government helped slow foreclosures and helped lower mortgage rates.

2.The National Housing Act of 1934 was passed during the Great Depression in order to make housing and home mortgages more affordable. This is basically what the Obama Administration did when they took over the office. If you make house cost and mortage rates lower, more people wil lbuty houses and it will hel the economy recover.

3.Federal Housing Administration- The National Housing Act of 1934 was passed and the Federal Housing Administration was created. Its intent was to regulate the rate of interest and the terms of mortgages that it insured.This helped increase the number of people who could afford a down payment on a house thereby also increasing the size of the market for single-family homes. The FHA is still running today and is trying to help lower the high mortgage rates that the american people have.

Rebuild Our Economy

1. The Works Progress Administration was the largest New Deal Agency ,employing millions of people to do public jobs like construction of roads and buildings. This helped reduce the unemployment and slowly help the ecomy recover. The administration in place now have created tons of jobs in order to lessen unemployement.

2.The National Labor Relations Act is a 1935 [|United States federal law]  that limits the means with which employers may react to workers in the [|private sector]   that create [|labor unions]  .

3.The National Industrial Recovery Act (NIRA),, was an [|American] [|statute]  which authorized the [|President of the United States]   to regulate industry and permit [|cartels]   and [|monopolies]  <span style="font-family: 'Times New Roman',Times,serif;"> in an attempt to stimulate economic recovery, and established a national <span style="font-family: 'Times New Roman',Times,serif;">[|public works]  <span style="font-family: 'Times New Roman',Times,serif;"> program

media type="file" key="Buisness And Economy.m4a"

http://bellwether.metapress.com/content/h128812346540080/ http://www.hud.gov/offices/hsg/fhahistory.cfm http://cml.upenn.edu/redlining/intro.html http://www.encyclopedia.com/doc/1E1-ReconFin.html

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