Chapter 12 Short Extended Response Flashcards

1
Q

(5 points) Describe Franklin Roosevelt’s rise to power.

A

-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

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2
Q

(2 points) Tell what the Glass-Steagall Act accomplished.

A

Created the SEC to regulate the stock market and the FDIC which provided insurance for banks

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3
Q

(3 points) List the three main things that the Fair Labor Standards Act accomplished.

A

-Eliminated child labor
-Limited the work week to 44 hours
-Set the 1st minimum wage to 25 cents/hour

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4
Q

(5 points) Discuss, in detail, the New Deal’s legacy.

A

-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

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