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