Chapter 12 Short Extended Response Flashcards
(5 points) Describe Franklin Roosevelt’s rise to power.
-Began as a New York state senator
-Assistant secretary of the Navy
-Ran for Vice President but lost
-Governor of New York
-1932 defeated Hoover to become president
(2 points) Tell what the Glass-Steagall Act accomplished.
Created the SEC to regulate the stock market and the FDIC which provided insurance for banks
(3 points) List the three main things that the Fair Labor Standards Act accomplished.
-Eliminated child labor
-Limited the work week to 44 hours
-Set the 1st minimum wage to 25 cents/hour
(5 points) Discuss, in detail, the New Deal’s legacy.
-Federal government had more power over the economy
-State government got money from federal government
-Gave Americans a stronger sense of security and stability
-Established a broker state
-It created a safety net for the future