acts & terms for the history exam Flashcards
federal securities act (FDR©)
- passed may 1933
- required corporations to provide all information on the stocks they offered and they could get in trouble for any misrepresentations (if they put inaccurate information)
glass-steagall act (FDR©)
- established FDIC (federal deposit insurance corporation)
- the FDIC provided federal insurance for individual bank accounts of up to $5000 so customers knew their money was safe.
- also required banks to act cautiously with customers money
securities and exchange commission (SEC) (FDR©)
- to regulate the stock market
* goal to prevent people with inside information about the companies from rigging the stock market for their own profit
21 amendment
FDR©
- Roosevelt persuaded congress to approve a bill to manufacture and sell alcoholic beverages
- the bills main purpose was to raise government revenue by taxing alcohol
- by the end of 1933 the 21 amendment had repealed the prohibition
agricultural adjustment act (AAA)
FDR©
- wanted to raise crop prices by lowering production
- achieved this by paying farmers to leave a certain amount of every acre unseeded.
- in some cases crops were too advanced so the gov. payed cotton growers $200 mill to plow almost 10 mill acres of their crops (and hog farmers to slaughter 6 mill pigs)
- the policy upset many Americans but the farmers got money
- was eventually deemed unconstitutional
Tennessee valley authority (TVA)
FDR©
• Tennessee river valley was depressed • TVA renovated 5 existing dams and made 20 new ones which - created 1000s of jobs - provided flood control -hydroelectric power
civilian conservation corps (CCC)
FDR©
- put young men 18-25 years old to work building roads, developing parks, planting trees, helping soil erosion and flood control projects
- by the time the program ended 1942 almost 3 million men passed through the CCC grew more than 200 million trees so another dust bowl wouldn’t happen.
- CCC payed $30/month of which $25 was sent to their families
- supplied free food, uniforms, and camps to stay in
national industrial recovery act (NIRA)
FDR©
- provided money to states to create jobs, construct schools and other community buildings
- failed to make a sufficient dent in unemployment
- later deemed unconstitutional
civil works administration (CWA)
FDR©
- provided 4 million jobs immediately
- built 40,000 schools, paid more than 50,000 teachers in the rural areas
- built more than half a million roads
- some critics the program was just to make work and a waste of money
national recovery administration (NRA)
FDR©
- aim to promote recovery by interrupting trend of wage cuts, falling prices, and layoffs
- set prices of many products and established standards
home owners loan corporation (HOLC)
FDR©
• provided gov. loans to homeowners who faced foreclosure because they couldn’t meet their loan payments
what was the court packing bill
- congress made an act- a court reform bill to reorganize the court and appoint 6 new Supreme Court justices
- later deemed unconstitutional
which acts were deemed unconstitutional and why
NIRA- the law gave legislative powers to the executive branch & enforcement of industry codes within states went beyond federal go a constitutional powers to regulate interstate commerce
AAA- agriculture is a local matter and should be regulated by states not gov
COURT PACKING BILL- violated principles of judicial independence and separation of powers
works progress administration (WPA)
- set out to create as many jobs as quickly as possible
- spent $11 bill to give jobs to more than 8 million workers
- built 850 airports, constructed and repaired 651,000 miles of streets, put up more than 125,000 public buildings.
- women in sewing groups made 300 million garments for the needy
- gave america a sense of hope and purpose
Wagner act
- protected the rights of workers to join unions and engage in collective bargaining with employers
- also prohibited unfair labor practices like threatening workers, firing union members, and interfering with union organizing