10: roaring 20s, great depression, new deal Flashcards
McNary-Haugen Act
Proposed bill that President Coolidge vetoed (1927); it tried to help farmers by raising the prices of crops in the US
The Man Nobody Knows
A novel that supposedly showed the role of religion on business by portraying Jesus as the founder of modern business
Andrew Mellon
Government official (Secretary of the Treasury during Harding, Coolidge’s, and Hoover’s presidencies) who helped reduce American debt from WW1 (liberty bonds) and argued for reduced taxes on corporations / wealthy individuals because it would stimulate the economy
Reconstruction Finance Corporation
The Hoover Administration’s act that provided money to struggling businesses (ie, railroads and banks), as well as state governments, during the GD in the hopes that the wealth would trickle down to the people
National Recovery Act (NRA)
Established business codes that companies had to comply with, including minimum wage, the right to collectively bargain, maximum hours, and more
Section 7(a)
Sec. 7a of the Wagner Act gave workers the right to collectively bargain
Glass-Steagall Act
Regulated banks by separating commercial and investment banking
Federal Deposit Insurance Corps (FDIC)
Insured American citizens that the federal government would give them the money in their bank accounts if banks shut down
Security and Exchange Commission (SEC)
Regulated the stock market by prohibiting harmful practices like over speculation and margin-buying
Civil Works Administration (CWA) & Civilian Conservation Corps (CCC)
1st New Deal - gave jobs to industrial workers (manual labor on federal construction projects like building bridges, roads, schools, etc.)
CCC - especially known for giving jobs only to unmarried young men
Federal Emergency Relief Administration (FERA)
Provided emergency funds to state governments to support soup kitchens for the unemployed, as well as the creation of new jobs
Townsend Plan
Dr. Francis Townsend’s plan for taxes from the wealthy to go toward providing retired citizens with a fixed, passive income per month
Huey Long- Share Our Wealth Society
Senator Long’s plan to raise taxes on the wealthy to redistribute wealth so that every American had at least a fixed income per year
Congress of Industrial Organizations (CIO)
Labor union that organized industrial workers and broke off from the AFL because the AFL only wanted white, skilled laborers
Indian Reorganization Act
Act that promoted the preservation of Native American culture and aimed to give indigenous people more control of tribes rather than the federal government by having them reorganize communities by voting for council leaders
