Agricultural Adjustment Act sought to deal with depressed prices and mounting surpluses. This act gave price support for the farmers' crops. (Leuchtenburg 52).The Tennessee Valley Authority Act built dams which would create reservoirs to control flooding and, at the same time, generate electricity. It would manufacture fertilizer, dig a 650 mile navigation channel from Knoxville to Paducah, and engage in soil conservation and reforestation (Leuchtenburg 55). It would also employ thousands of people in a highly impoverished area. The Truth-in-Securities Act required full disclosure in the issue of new securities. This would help prevent the kind of stock market manipulation that contributed to the crash of 1929.The Home Owner’s Loan Act helped refinance one out of every five mortgaged urban private dwellings in America (Leuchtenburg 53).The Glass-Steagall Banking Act required commercial banks to divorce themselves for their security affiliates and investment banks from their deposit business. The most important thing this act did was to create the Federal Deposit Insurance Corporation. This gave people an even greater confidence in the banking system.The Farm Credit Act sought to provide more relief for the nation’s farmers than the Agricultural Adjustment Act had done. It offered protection against foreclosure and, in time, would refinance one fifth of all farm loans (Leuchtenburg 52).The Railroad Coordination Act set up federal coordination of transportation. “It seeks to provide and make certain definite planning by the railroads themselves, with the assistance of the Government, to eliminate the duplication and waste that is now results in railroad receiverships and in continuing operating deficits” (Roosevelt).With the exception of the Constitution and Bill of Rights, the first hundred days of Roosevelt’s administration saw the passing of more legislation that any other time in history. While...
