1/29 The New Deal Part 1

Question 1

Federal Deposit Insurance Corporation (FDIC)

Answer 1

Provides insurance for deposits of $5000 or more in the bank

Question 2

Emergency Banking Relief Act

Answer 2

It provided inspections of the banks to help people to restore confidence in the banking system

Question 3

National Labor Relations Board

Answer 3

• Protected the rights of workers to join unions
• Settle disputes between employers and employees
• Set national minimum hourly wages, developed child labor laws

Question 4

Tennessee Valley Authority

Answer 4

It builds dams which created job and hydroelectric power to a poor region

Question 5

Hundred Days

Answer 5

first 100 days of the presidential administration and in the case of FDR (period of intense legislative activity)

Question 6

Securities & Exchange Commission

Answer 6

It was created to reform and restore confidence in the stock market through a system of monitoring

Question 7

Deficit spending

Answer 7

When government spending exceeds revenue (money coming in) over a particular period of time

Question 8

Civilian Conservation Corps

Answer 8

provided work for thousands of young single men planting trees, soil erosion, and flood control projects