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Signed into law in May 1933, the Federal Emergency Relief Administration (FERA) provided cash grants to states for distribution to the unemployed. Under the able administration of Harry Hopkins, FERA distributed nearly $500 million in short order. Recognizing, however, that many Americans wanted to work for the money they received, Hopkins and Roosevelt developed the Civil Works Administration (CWA), which was approved by Congress in November. With a budget of more than a billion dollars, the CWA put more than four million people to work at temporary jobs during its first six months. The CCC, FERA, and CWA signaled the beginning of the federal policy of deficit spending, by which the government can mitigate economic downturns in the short term by infusing capital into the economy.
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This section contains 132 words (approx. 1 page at 300 words per page) |
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