1930 NEW DEAL REFORMS Flashcards

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0
Q

Hoover dam

A

Not called that ATM

PWP generates electricity, creates isolated jobs

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1
Q

Reconstruction Finance Corporation

RFC

A

Hoover
After bank collapse, came too late for what it did
No real impact
Depended on trickle down economics (give money to groups, they will spend. But they didn’t.)

Loans to banks/businesses
Funds for relief efforts/Public works
Not all money given used (20%)

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2
Q

Bank holiday

A

First act of FDR
4 day bank closure

Created sense of relief
Led to emergency banking act
Dispels panic, encouraged people to go back to the banks
1 billion put back by people

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3
Q

Emergency banking act

A

Protect large banks from being dragged down
Passed in 4 hours by congress because they were scared shitless
Treasury department inspection before banks reopened (bank holiday)

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4
Q

Economy act

A

Convince conservative Americans (and buisness) that the gov was in good hands and gucci
Proposed balance to fed gov by cutting salaries/reduce vet pension
Pasted real fast wow getting shit done

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5
Q

Prohibition repeal

A

1933

Legalize sale of beer, FDR passed 21st

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6
Q

agricultural adjustment act

AAA

A

Aided farmers, regulates crops
Subsides for not growing (unconstitutional later)

Resulted in rise in prices
Farm income increased 50%

Favored large farms
Encourage evicting of sharecroppers and field hands when fields lay idle

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7
Q

National recovery administration

NRA

A

Hugh Johnson
Established optional national blanket code of minimum wage and reduced workweek among buisness
Child labor outlawed

Codes poorly written 
Hard to enforce 
Favored large businesses (these hoes were writing it)
Artificially raised prices 
Declined production 
"Schecter case"
Sick chicken
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8
Q

CCC civilian construction corps

A

Employed young white men on projects, plus food and board
Created national parks
Planted tree lines (dust bowl)

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9
Q

FERA federal emergency relief fund

A

Grants to state and local govs for relief programs

Directior Harry Hopkins

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10
Q

PWA public works administration

A
Harold ickes
Granted money to state govs for infrastructure projects 
Created lots of jobs 
Lower paying than NRA,overemployment
Employ people quickly in big numbers 
Replaced with WPA later
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11
Q

WPA

A
SND
The renaissance: don't starve
Jobs to artists/variety
Part time to teens
More inclusive for whites 
Better organized than PWA
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12
Q

SEC securities and exchange commission

A

Regulate stock market/ limit speculative practices
Protect investors from Freud
Reform

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13
Q

FHA federal housing adm

A

Insured bank loans for building and repairing housing

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14
Q

RA resettlement Administration

A

SND under brain trust tugwell; loans to sharecroppers, tenants, small farmers. Decent housing for migrants

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15
Q

REA rural electrification adm

A

SND

Power in rural areas reform

16
Q

Federal tax increase

A

SND

1935 tax on inheritance and generally for wealthy

17
Q

NLRB and Wagner act

A

Workers right to union and board formed to enforce

18
Q

Court packing bill

A

1937 get rid of all old people in Supreme Court so FDR can do what he want