ch 26 Flashcards
Emergency banking act
Provided treasury dept. inspection of all banks before they could reopen
Agricultural adjustment act
Paid farmers a subsidy to reduce their production of crops and their livestock
Rural electrification administration
Extended electricity to 90% of all farmers through utility cooperatives
National industrial recovery act
Had business leaders making concessions to labor that said they promised the income of workers would rise along with prices and buying power wouldn’t lag behind
Blue eagle
Gov gave these to business if they agreed to the national recovery administration
Public works administration
Build public projects and modernized our nation, but it is not an immediate effect
Tennessee valley authority
Set up to build dams to generate electricity, but it also redeveloped this entire area into a recreational resort
Government managed currency
Money was limited to gold supply so FDR took it away so gov could produce more money
Glass stegall act
Prohibited banks from investing savings deposits in stock market and est. federal deposit insurance corps.
Truth in securities act
Eliminated fraud in stock market
Federal emergency relief administration
Gave $500 mill to relief agencies to distribute as they saw fit
Civilian conservation corps
Provided employment to millions of men who couldn’t find jobs in cities; men worked in camps set up by CCC
Second new deal
Represented shift in new deal policy; willing to attack corporate interests; tax reforms
American liberty league
Goal was to uphold the constitution but they really wanted to destroy the new deal
Dr. Francis e Townsend
Came up with idea to help the old and stimulate the economy; all people over 60 would be asked to retire and be paid $200 a month but had to spend all of it
