1930 NEW DEAL REFORMS Flashcards
Hoover dam
Not called that ATM
PWP generates electricity, creates isolated jobs
Reconstruction Finance Corporation
RFC
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%)
Bank holiday
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
Emergency banking act
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)
Economy act
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
Prohibition repeal
1933
Legalize sale of beer, FDR passed 21st
agricultural adjustment act
AAA
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
National recovery administration
NRA
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
CCC civilian construction corps
Employed young white men on projects, plus food and board
Created national parks
Planted tree lines (dust bowl)
FERA federal emergency relief fund
Grants to state and local govs for relief programs
Directior Harry Hopkins
PWA public works administration
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
WPA
SND The renaissance: don't starve Jobs to artists/variety Part time to teens More inclusive for whites Better organized than PWA
SEC securities and exchange commission
Regulate stock market/ limit speculative practices
Protect investors from Freud
Reform
FHA federal housing adm
Insured bank loans for building and repairing housing
RA resettlement Administration
SND under brain trust tugwell; loans to sharecroppers, tenants, small farmers. Decent housing for migrants