Introducing 

Prezi AI.

Your new presentation assistant.

Refine, enhance, and tailor your content, source relevant images, and edit visuals quicker than ever before.

Loading…
Transcript

The Great Depression created an environment where the federal government accepted responsibility for curing a wide array of society's ills previously left to individuals, states, and local governments.

The ALPHABET AGENCIES got the name from observers of the new deal. The alphabet agencies were an armada of governments.

Alphabet soup

There seemed to be no end. Securities and Exchange Commission (SEC) was created to serve as a watchdog on the stock market.Federal Housing Authority (FHA) provided low interest loans for new home construction.Critics bemoaned the huge costs and rising national debt and spoon-feeding Americans. Regardless, many of the programs found in FDR's "alphabet soup" exist to this day.

The great depression

The government raged other new trails by creating the Tennessee Valley Authority in May 1933.Funds were authorized to construct 20 new dams and to teach residents better soil management. The hydroelectric power generated by the TVA was sold to the public at low prices, filing complaints from private power companies that the government was showing unfair competition.

Learn more about creating dynamic, engaging presentations with Prezi