What was the first phase of the New Deal?

Close

Link to this answer

Share this credible answer with others. Simply paste this code into your blog or Web page:

<a href="http://qanda.encyclopedia.com/question/first-phase-new-deal-130427.html" >What was the first phase of the New Deal?</a>

The first phase (1933-34) attempted to provide recovery and relief from the Great Depression through programs of agricultural and business regulation, inflation, price stabilization, and public works. Meeting (1933) in special session, Congress established numerous emergency organizations, notably the National Recovery Administration (NRA), the Federal Deposit Insurance Corporation (FDIC), the Agricultural Adjustment Administration (AAA), the Civilian Conservation Corps , and the Public Works Administration . Congress also instituted farm relief, tightened banking and finance regulations, and founded the Tennessee Valley Authority . Later Democratic Congresses devoted themselves to expanding and modifying these laws. In 1934, Congress founded the Securities and Exchange Commission and the Federal Communications Commission and passed the Trade Agreements Act, the National Housing Act, and various currency acts.