Chapter 10 Flashcards
Election of 1932
- Republicans renominate Herbert Hover
- Depression turn many against him
- Democrats: Governor of NY Franklin Delano Roosevelt
- Flew to Chicago for 1st ever acceptance to presidential acceptance
- Ending Depression: New Deal
Election of 1936
- Many people owe jobs to New Deal
- Frances Perkins
Social Security Act
guarantees benefits for the elderly and the unemployed
CCC
- Civilian Conservation Corps
- put young men to work outdoors, learn work skills
FDIC
- Federal Deposit Insurance Corporation
- created to provide gov. insurance for bank deposits up to a certain amount
HOLC
- Home Owners Loan Corporation
- bought the mortgages of homeowners who were behind in their payments
CWA
- Civil Works Administration
- created to prevent, reduce, and eliminate pollution in the nation’s water in order to restore and maintain the chemical, physical, and biological integrity of the Nation’s waters
PWA
- Public Works Administration
- began a series of construction projects which focused on economic investment
- had workers work on highways, dams, schools, sewer systems, etc.
Fair Labor Standards Act of 1938
- abolishes child labor
- minium wage 25c
- 40 hour work week
Wagner Act (NLRB)
- National Labor Relations Board
- workers have the right to organize unions and bargin collectively
Polio
a paralyzing disease
Broker State
US gov. settles conflicts with interest groups
Sit Down Strike
stop working, refuse to leave factory
Deficit Spending
borrow money to pay for programs
Gold Standard
one ounce of gold equaled a set number of dollars
Federal Number One
offers work to artists, musicians, etc.
AAA
- Agricultural Adjustment Administration
- gov. would pay farmers not to raise certain livestock, such as hogs, and not to grow certain crops such as wheat and tobacco
Congress of Industrial Organizations
- The Committee of IO
- The Congress of IO
- refers to federation of unions
- relates the industries (steel, automotive, etc.)
FDR
Franklin Delano Roosevelt
Harry Hopkins
- helps channel money to state and local governments
Dr. Francis Townsend
- supports monthly checks to citizens
- left wing critic
Henry Morgenthau
Treasury Secretary, favored balancing the budget and cutting the spending
Francis Perkins
Secretary of Labor, 1st woman appointed to a cabinet post
John Maynard Keynes
“Keynesianism” econmics
gov. needs to continue spending during an economic rough time