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The Tennessee Valley Authority is a government-owned corporation created by U.S. Code Title 16, Chapter 12A, the Tennessee Valley Authority Act of 1933.It was initially founded as an agency to provide general economic development to the region through power generation, flood control, navigation assistance, fertilizer manufacturing, and agricultural development.
The First New Deal (1933–1934) dealt with the pressing banking crisis through the Emergency Banking Act and the 1933 Banking Act.The Federal Emergency Relief Administration (FERA) provided US$500 million (equivalent to $12.1 billion in 2024) for relief operations by states and cities, and the short-lived CWA gave locals money to operate make-work projects from 1933 to 1934. [2]
Roosevelt transferred the Federal Emergency Relief Administration land program to the Resettlement Administration under Executive Order 7028 on May 1, 1935. [3] However, Tugwell's goal of moving 650,000 people from 100,000,000 acres (400,000 km 2) of agriculturally exhausted, worn-out land was unpopular among the majority in Congress. [4]
He created numerous programs to provide relief to the unemployed and farmers while seeking economic recovery with the National Recovery Administration and other programs. He also instituted major regulatory reforms related to finance, communications, and labor, and presided over the end of Prohibition .
A coalition of U.S. refugee backers filed a lawsuit on Monday that challenges President Donald Trump's indefinite suspension of the U.S. resettlement program, saying refugees and their families ...
The Second New Deal is a term used by historians [1] to characterize the second stage, 1935–36, of the New Deal programs of President Franklin D. Roosevelt.The most famous laws included the Emergency Relief Appropriation Act, the Banking Act, the Wagner National Labor Relations Act, the Public Utility Holding Company Act, the Social Security Act, and the Wealth Tax Act.
Long title: An Act to relieve the existing national economic emergency by increasing agricultural purchasing power, to raise revenue for extraordinary expenses incurred by reason of such emergency, to provide emergency relief with respect to agricultural indebtedness, to provide for the orderly liquidation of joint-stock land banks, and for other purposes.
The concurrence then raised an equity bar to the requested relief. The preferred stockholders could not show the "irreparable injury" to their property rights necessary to obtain relief in equity. Plaintiffs had only a limited interest in the corporation and the district court had made no finding that the proposed transactions with the TVA ...