sale of tribal lands and restored ownership of lands to Native American groups. The outcome was obviously positive for the Native Americans. NIRA, the National Industrial Recovery Act was formed in order to boost the declining prices, helping businesses and workers. The NIRA also allowed trade associations in many industries to write codes regulating wages, working conditions, production, and prices. It also set a minimum wage. The Federal Securities Act and the Securities and Exchange Commission required full announcement of information on stocks being sold. The SEC regulated the stock market. Congress also gave the Federal Reserve Board the power to regulate the purchase of stock on margin. The Home Owners Loan Corporation, HOLC, and the AAA, Agriculture Adjustment Administration refinanced mortgages of middle-income home owners. The AAA tried to raise farm prices. It used the new tax money to pay farmers not to raise specific crops and animals. Lower production would, in turn, increase prices.The most radical agency was the TVA. The Tennessee Valley Authority helped farmers and created jobs in one of America s least populated areas. By reactivating the hydroelectric power plant, it provided cheap electric power, flood control, and recreational opportunities to the entire Tennessee River valley. The WPA, Works Progress Administration provided work for 8 million Americans. The WPA constructed or repaired schools, hospitals, airfields, etc. It decreased unemployment, while increasing the amount of rebuilding and expansion of the country. All of the agencies created by the New Deal, were beneficial to the recovery of the U.S. Even though WWII helped push us back into our industrialized state, the New Deal and its predecessor, both decreased unemployment to a much more tolerable level so that we were more than prepared for the Second World War....
