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Which of the following statements most accurately describes the Federal Emergency Relief Administration (FERA) that was created in 1933 as part of the First New
Which of the following statements most accurately describes the Federal Emergency Relief Administration (FERA) that was created in 1933 as part of the "First New Deal"? The FERA responded to the banking crisis of the early 1930s by recapitalizing financial institutions and implementing a system of deposit insurance. The FERA established old-age pensions for retired Americans. The FERA suspended existing antitrust laws and encouraged the creation of "code authorities" in each industry through which firms would jointly set prices, establish uniform production methods, and in some cases allocate market shares. The FERA attempted to shore up the faltering housing market by providing insurance for private residential mortgages in order to stimulate housing construction. The FERA initially provided immediate financial assistance to destitute Americans, but then shifted its focus to creating public works jobs and to providing training programs for the unemployed
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