C34 - The Great Depression and the New Deal 1933-1939 Flashcards
Public Works Administration
Formed through New Deal laws. Responsible for public projects. Grand Coulee Dam on the Columbia River was one example - largest structure built by humans since the Great Wall of China.
The “three R’s”
Relief, recovery and reform - the 3 Rs of Roosevelt’s New Deal. The 1st 2 Rs were short-term goals. Reform=the long-term goal.
Securities and Exchange Commission
Formed in 1934 by Congress. Became the watchdog agency over publicly-traded companies. Company owners were legally required to give honest financial info. about their companies so that investors would know about stocks that they bought. This was a way to protect consumers/stock purchasers/investors.
Committee for Industrial Organizations
Labor Union group that ended up organizing the auto industry.
Roosevelt Coalition
FDR’s political model and a new idea: Forming a coalition of support between the Democratic party, minorities, labor unions and citiy/local government leaders to get more support during elections.
This model worked to keep Democrats in power for decades.
National Recovery Act
New deal law: Created minimum wage laws, rules that shortened the work day (to make room for more people to have jobs @ fewer hours).
Frances Perkins
FDR’s Secretary of Labor. She was the 1st female cabinet member.
Works Progress Administration
Congress formed in 1935 to employ people at government-funded public works projects like road building, bridge building, etc.
Harry Hopkins
FDR made him leader of the Federal Emergency Relief Admin. that gave states $ to distribute to people.
Brain Trust
Group of college professors and intellectuals who wrote most of Franklin D. Roosevelt’s speeches, and later wrote most of the New Deal laws.
Liberty League
Group formed in 1934 as a political conservative opposition group…opposing FDR and New Deal laws…worried that New Deal laws would lead to socialism.
Herbert Hoover was a backer of the Liberty League.
Glass-Steagall act
1933: Banking reform, which created the FDIC (federal deposit insurance corporation) This insured people’s bank deposits so that if a bank failed, depositors would not lose all of their $.
Harold Ickes
Leader of the Public Works Administration.
Agricultural Adjustment Act
New Deal law that had the federal government paying farmers to produce less, with the goal of inflating or increasing prices. The $ to pay the farmers came from a tax placed on processors (like millers who milled flour). These processors then passed that increase on to consumers.
In 1936, the Supreme Court killed this law by saying it was unconstitutional.
boondoggling
Referred to the act of working very slowly or not at all. FDR’s programs gave public jobs to some people just to get them employed…even if there was not much work to do. “make work” jobs.
Hundred Days
1933: Starting in March, 1933 - the first hundred days of the new Presidency under FDR and the new Democrat-majority Congress.
FDR demanded and Congress passed without much discussion many New Deal laws.