23-2 Flashcards
Franklin D. Roosevelt
32nd US President who began New Deal programs to help the nation out of the Great Depression and he was the nation’s leader during most of WWII.
Fireside Chats
The informal radio conversations Roosevelt had with the people to keep spirits up. It was a means of communicating with the people on how he would take on the depression.
pension
Sum of money paid to people on a regular basis after they retire.
New Deal
A series of reforms enacted by the Franklin Roosevelt administration between 1933 and 1942 with the goal of ending the Great Depression.
Three “R’s” of the New Deal
Relief, Recovery and Reform
Bank Holiday
FDR closed all banks until government examiners could investigate their financial condition. Only financially sound banks were allowed to reopen.
Social Security Act
(FDR) 1935, guaranteed retirement payments for enrolled workers beginning at age 65. This set up federal system of unemployment insurance and care for dependent mothers and children and the handicapped.
FDIC (Federal Deposit Insurance Corporation)
The government agency that insures customers’ deposits if a bank fails.
Securities and Exchange Commission (SEC)
1934 - Created to supervise stock exchanges and to punish fraud in stock trading.
Fair Labor Standards Act of 1938
1938 act which provided for a minimum wage and restricted shipments of goods produced with child labor.
National Labor Relations Act
A 1935 law, also known as the Wagner Act, that guarantees workers the right of collective bargaining, sets down rules to protect unions and organizers, and created the National Labor Relations Board to regulate labor-management relations.
“Court Packing”
FDR plan to add up to six new justices to the nine-member Supreme Court after the Court had ruled that some New Deal legislation was unconstitutional. Congress didn’t go along with FDR’s idea.
