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| 1933–36 |
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| NEW DEAL AGRICULTURAL LEGISLATION. On May 12, 1933, the Agricultural Adjustment Act became law. Its aim was the establishment of the parity for farm products that had existed in the period 1909–14. This was to be achieved through removal of the agricultural surplus by means of compensated crop curtailment, financed through the licensing and taxing of the processors of farm products. Provision was also made for the refinancing of farm mortgages. | 1 |
| The Farm Credit Act (approved June 16, 1933). The Farm Mortgage Refinancing Act (approved Jan. 31, 1934). The Farm Mortgage Foreclosure Act (approved June 12, 1934). Frazier-Lemke Farm Bankruptcy Act (approved June 28, 1934). The Crop Loan Act (approved Feb. 23, 1934) permitted the Farm Credit Administration to make loans to farmers in 1934 for crop production and harvesting. | 2 |
| The Cotton Control Act (approved April 21, 1934) placed the production of cotton on a compulsory rather than a voluntary basis. | 3 |
| The Jones-Costigan Sugar Act (approved May 9, 1934) included among the basic crops of the original Agricultural Adjustment Act sugar beets and sugar cane. | 4 |
| Tobacco Control Act (approved June 28, 1934) placed the production of tobacco on a compulsory basis. | 5 |
| The Frazier-Lemke Farm Bankruptcy Act was subsequently declared unconstitutional, while on Jan. 6, 1936, the Agricultural Adjustment Act met a similar fate. The objective of the latter act was then achieved by the Soil Conservation Act, by which farmers were paid for planting soil-conserving crops in lieu of the ordinary staples. | 6 |
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| 1933–34 |
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| NEW DEAL BANKING LEGISLATION. The Emergency Banking Relief Act (approved March 9, 1933) gave the president power to regulate transactions in credit, currency, gold and silver, and foreign exchange. It also authorized the secretary of the treasury to require the delivery of all gold and gold certificates, and provided for the appointment of conservators of national banks in difficulties. | 7 |
| The Banking Act of 1933 (approved June 16, 1933) extended federal reserve open market activities; created the Federal Bank Deposit Insurance Corporation to insure deposits; and regulated further the operations of member banks and separated security affiliates. | 8 |
| The Bank Deposit Insurance Act (approved June 19, 1934) amended deposit features of the Banking Act and raised the amount eligible for insurance of each depositor to $5,000. | 9 |
| NEW DEAL HOME FINANCING. The Home Owners' Refinancing Act (approved June 13, 1933) created the Home Owners' Loan Corporation to refinance home mortgages. | 10 |
| The Home Owners' Loan Act (approved April 27, 1934) guaranteed the principal of the HOLC's bond issues and permitted loans for repair of dwellings. | 11 |
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| New Deal Monetary Legislation. |
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| The Gold Repeal Joint Resolution (approved June 5, 1933) canceled the gold clause in all federal and private obligations and made them payable in legal tender. | 12 |
| The Gold Reserve Act (approved Jan. 30, 1934) authorized the president to revalue the dollar at 50–60 cents in terms of its gold content; set up a $2 billion stabilization fund. | 13 |
| The Silver Purchase Act (approved June 19, 1934) authorized the president to nationalize silver. | 14 |
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| New Deal Securities Legislation. |
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| The Securities Act of 1933 (approved May 27, 1933) provided for filing with the Federal Trade Commission and for transmission to prospective investors of the fullest possible information, accompanied by sworn statements, about new security issues sold in interstate commerce or through the mails. | 15 |
| The Securities Exchange Act (approved June 6, 1934) provided for the regulation of securities exchanges and established the Securities and Exchange Commission. | 16 |
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