THE FEDERAL HOUSING ADMINISTRATION (FHA) By: Emma Hunt, Sid Verma, Maggie Renou, and Sean Hunter AKA...

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THE FEDERAL HOUSING ADMINISTRATION (FHA) By: Emma Hunt, Sid Verma, Maggie Renou, and Sean Hunter AKA Wagner-Steagall Housing Act of 1937

Transcript of THE FEDERAL HOUSING ADMINISTRATION (FHA) By: Emma Hunt, Sid Verma, Maggie Renou, and Sean Hunter AKA...

THE FEDERAL HOUSING ADMINISTRATION

(FHA)

By: Emma Hunt, Sid Verma, Maggie Renou, and Sean Hunter

AKA Wagner-Steagall Housing Act of 1937

Description and Issues

Was only able to help those who could afford houses, and did little to address the housing needs of the poor

Created in 1934 Insured home loans for low-

income families Repaired existing structures

and built new homes Insured banks, mortgage

companies, and other lenders, which encouraged the construction of new homes

Used to spur employment in the construction industry

Description Issues

Continuous Benefits

1940: financed military housing and homes for returning veterans

1950-70: helped production of privately-owned apartments for elderly, handicapped, and lower income Americans 1980: helped steady falling home prices and made it possible for homebuyers to get needed financing during a recession

FHA gave jobs to 2 million construction workers when established

Insured over 34 million home mortgages

Largest insurer of mortgages in the world

Only government agency that operates entirely on self-generated income

Doesn’t cost taxpayers any money

Statistics

TVA(Tennessee Valley Authority)Adam, Sarah, Gino, Jasmine

Description

Signed 18,1933 Covered 80,000 square milesSold electricity to 155 power distributor

customers and 56 directly powered industries and federal facilities

Developed fertilizers and environmentally safer techniques for farmers

Benefits to Georgia

In 1925 the TVA created the Blue Ridge Lake, Lake Chatgue, and Lake Notterly in Gerogia.

Criticism/Issues

Wendell Willkie claimed the TVA and its cheaper power is a threat to private businesses

Companies claimed it was unconstitutional for the government to get involved in the power business

Social Security Act(SSA)

By Katie Bates, Henry Patterson, David Cornell, Christian Pumpelly

Facts• The Social Security Act was designed to

assign in the maintenance of the financial well being of eligible persons.

• It was founded on August 14, 1935. • The title comes from the social

insurance program that provided steady income for retired workers 65+.

• Funded by payroll taxes and startup costs

• In 1939, it grew to include survivors, spouses, and minor children.

Facts continued• It provided retirement benefits

and join-federal-state venture of Unemployment Compensation.

• The SSA also dispersed fed funds to aid development at state level programs: vocational rehabilitation, public health services, child welfare services, and assistance to the elderly and the handicapped.

• Benefits are in proportion to the person’s previous earnings.

Statistics Criticisms• In 1930, 6.6 million

were over the age of 65, which made up 5% of the population.

• The original levy was 1%, which has increased since then (a levy is the amount of money given to the program from the taxes).

• Some criticisms of the SSA were that it did not apply to everybody. Only people who passed a certain requirement were eligible for it.

• It was also amended several times

CIVILI

AN CONVERSAT

ION

CORPS

BY: S

AM T

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BEN B

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SUCCESSES

• Was supposed to recruit unemployed men and out-of-work veterans for forestry, erosion control, flood prevention, and parks development

• Worked with Works Progress Administration (WPA), U.S. Department of Labor, U.S. Departments of Interior and Agriculture, and U.S. Department War

• 3 million men worked at 16,000 camps by the time it ended

CRITICISMS

• All camps were segregated

• Georgia failed to recruit eligible blacks

• Eugene Talmadge said that the New Deal programs were intrusions to state government

IMPACT ON GEORGIA• Built campgrounds at the Pocket, Lake Conasauga,

and Lake Winfield Scott

• Appalachian Trail

• Built oldest shelter at Blood Mountain

• Cleared land and built fire towers and roads at Fort Stewart

• Developed facilities at Okefenokee Swamp Wildlife Refuge

• Restored masonry walls and dikes at Fort Pulaski National Monument

• Built A. H. Stephens, F. D. Roosevelt, Fort Mountain, Hard Labor Creek, Kolomoki Mounds, and Little Ocmulgee state parks

AGRICULTURAL ADJUSTMENT ACT

(AAA)By Ava C., Maya P., Cassidy K., and

Grant A.

Description

Formed in 1933 Controlled the buying and selling of the 7

“basic crops”; corn, wheat, cotton, rice, peanuts, tobacco, and milk

Offered payments to farmers in return for taking some of their land out farm on

Most farmers took government payments Benefited farmers 1.5 billion dollars by

1936

Criticism/Issues

Only 7 out of thousands of crops are eligible

Livestock producers were not included in the payment brackets

Farmers continued to produce massive quantities of food with advanced technology used in the time

REA: Rural Electrification Administration

Brooke Banks, Andrew Persaud, Nate Hardy, and Stephen Fuller

What is it?• The REA was a New Deal program

that was meant to extend power lines to the rural areas of the United States.

• The Roosevelt Administration thought it was government duty to bring electricity to rural areas if private utility companies wouldn’t do it

• The REA was close to Roosevelt’s heart because Roosevelt grew up in rural areas.

Accomplishments• By 1935 the first REA loans had

been approved for 11 proposed cooperatives.

• By the end of 1938 almost 1.5 million farms in 45 states had received electricity

• By 1939 they established 417 electric cooperatives, which served 288,000 households

• Households living within the rural areas were progressively improving with the help of the modernization of electricity.

Failures•Although farms received electricity and

their purchase of electric appliances increases sales of local merchants, it did not stop farmers from losing their farms and migrating from the country to the city.

•Nor did it stop the decline of family farms

Criticism• Many groups opposed the REA,

especially private utility companies because it was unfair that the government was competing with them.

• Members of congress thought that the government shouldn’t interfere with the economy and thought that the REA was bringing the country one step closer to socialism

• Also, others thought that the farmers didn’t have the skills to manage local electricity companies.

BY: TEAM TEAL

National Industrial Recovery Act

Purpose was to set minimum wages, permitting them to set up labor unions, and let factories cut back.

Minimum wage- least amount the employer can pay to an employee without getting reprimanded.

Mainly affected textile industry in Georgia. Established quotas to increase productivity and

regulate the economy to have a stable growth. Created to prevent another economic depression. Created “Work Codes” which set minimums for

companies.

Purpose Of The NIRA

Effects of NIRA in Georgia

The textile industry in Georgia was affected by allowing unions to form. Before this, companies had the right to act on people trying to form unions

with punishment. To get around the consequences, the mill owners implemented stretch outs,

where one people took over several machines at once. Later NIRA ‘s labor provisions were reinstated later after it was disbanded. In 1934, 4,500 millworkers protested in Macon, Georgia against treatment of

workers. In “Flying Squadrons”, groups of a 10-30 people, a total of 45,000 workers

out of 60,000 did a strike and closed down production by going from mill to mill shutting down the mills.

Work hours were reduced from 45 to 30-35. Created nearly 2.5 million private sector jobs in 1933 Increased hourly wages rates by half.

Criticisms of NIRA

The NIRA was considered unconstitutional by the supreme court. In was declared unconstitutional because it give extreme amounts of power

to the congress. NIRA was voluntary , and not required. NIRA endorsed monopolies (Big companies that dominate a certain market.) NIRA was poorly run and soon would collapse. Later NIRA would support free market, causing the collapse of most work

codes..