2/27/2023 0 Comments Hundred days definitionRural Electrification Act - May 20, 1936: The law provided loans to farming cooperatives to generate electricity for their rural areas.It paid artists to create 2,566 murals and 17,744 pieces of sculpture to decorate the public works. It employed 8.5 million people to build bridges, roads, public buildings, public parks, and airports. Emergency Relief Appropriation of 1935 - April 8: The program replaced Federal Emergency Relief Act of 1933 and funded the new Works Progress Administration with $4.8 million.Soil Conservation and Domestic Allotment Act - February 29: This program paid farmers to plant soil-building crops, like beans and grasses, to counteract the Dust Bowl. Congress allowed this temporary organization to expire on March 31, 1934. Civil Works Administration - November 9: Created thousands of construction jobs to put people to work. Emergency Railroad Transportation Act - June 16: This piece of legislation attempted to coordinate the national railway systems.It was declared unconstitutional in 1935. It gave trade unions the legal right to bargain with employers. It outlawed child labor, established minimum wage rates, and limited the workday to eight hours. National Industrial Recovery Act - June 16: This labor and consumer law set up the Public Works Administration to create public works jobs, like the Hoover Dam, Route 66, and New York City's Triborough Bridge. This law also created the National Recovery Administration.The act was repealed in 1999 by the Gramm-Leach-Bliley Act. It gave the regulation of retail banks to the Federal Reserve, prohibited bank sales of securities, and created the Federal Deposit Insurance Corporation (FDIC). It prevented retail banks from using depositors' funds for risky investments. Glass-Steagall Banking Act - June 16: This law separated investment banking from retail banking.It had refinanced 1 million homes when lending activities closed in 1936, which was the equivalent of 20% of all urban mortgages. It also provided additional capital to mortgage lenders. Home Owners' Loan Act - June 13: This act established the Home Owners Loan Corporation that refinanced mortgages to prevent foreclosures.
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