1920's Flashcards
insured everyone’s savings up to 5,000 dollars
created insurance
FDIC
federal deposit insurance corporation
polices sales of stocks and bonds
stop those who use misleading claims or attempt to manipulate the markets
SEC
securities and exchange commission
raise farm prices to control production
farmers killed crops and land, and got money from the government
Agricultural Adjustment Act
AAA
brought together young unemployed men and enrolled them in a peacetime army and to battle against destruction and erosion of land and natural resources
CCC
civilian conservation corps
encouraged minimum wages and abolish child labor as well as managing cut throat competition
NIRA
national industrial recovery act
created to give people jobs
built and repaired airports, public buildings, bridges and roads
also found work for unemployed writers, artists and musicians
WPA
works progress administration
created to address the problem of unemployment among youth
provided grants to high school and college kids in exchange for work
young kids who were both unemployed and not in school, provided specific training to get them jobs
NYA
national youth administration
created a tax on workers and employers
this money was used to help retired people, the disabled, the elderly poor and children of parents who couldn’t support them
launched american welfare system
SSA
social security act
created more than 200,00 jobs
primary goal was to employ out of work artists and provided art for government buildings
part of the WPA
FAP
federal arts project
aimed to control flooding promote and help advance conservation and development and bring electricity to rural areas along to Tennessee River
built dams and used hydroelectric powering
TVA
tennessee valley authority
Warren Harding presidential promise
“return to normalcy”
comforted people
what was the teapot dome
harding’s secretary of interior was convicted of bribery and was the first cabinet official to go to prison
what type of government approach did Coolidge have
laissez-fair approach
what does “the business of america is business”
meant that government should interfere as little as possible in business
both Harding and Coolidge maintained what government approach
isolationist approach
