backround infromation

In 1933 President Roosevelt came up with the New Deal to help stimulate the economy and create new jobs in banking and railroads, also in the farming industry, in an effort to help America get out of the Great Depression.  Between 1934 and 1936 a second New Deal was created to create better workers unions, farming regulations, social security and welfare programs.  Many agencies were formed from either the first New Deal or the second.  Such as the Works Progress Administration, the Fair Labor Act, and the Farming Security Administration. Some major agencies are still around today such as the SEC (Security and Exchange Commission), the FDIC(Federal Deposit Insurance Corp), the Federal Housing Administration (FHA). In 1933 the unemployment was at 25%.  After the New Deals hundreds of new jobs were created and the ecomomy was back on track.