CLEP US History II

Answer: A - TGA was not an acronym for a New Deal agency. The Rural Electrification Administration (REA) sought to electrify the 20% of the country that had yet to build the infrastructure necessary to access electricity. The Civilian Conservation Corps (CCC) employed young men to work on natural resource conservation and public construction projects. The Agricultural Adjustment Administration (AAA) paid farmers to reduce their crop production so that excess product would be out of the marketplace, thereby raising the prices of goods and restoring equilibrium to the industry. The Federal Deposit Insurance Corporation (FDIC) insures bank deposits so that consumers don’t have to fear bank failures will bankrupt them- a fear that caused runs on the banks during periods of economic panic and ultimately created bank failures.