Chapter 16 Flashcards
How did the New Deal provide relief for the unemployed?
Congress approved 15 relief and recovery measures
Emergency Banking Act
authorized the federal government to regulate banks and allow those that were financially sound to reopen
Federal Deposit Insurance Corporation (FDIC)
insured each bank deposit up to $5,000
Home Owners Loan Corporation (HOLC)
assisted home owners who couldn’t meet their mortgage payments
Federal Emergency Relief Administration (FERA)
distributed $500 million in relief aid to state and local agencies
Frances Perkins
secretary of labor for the Roosevelt administration
Civilian Conservation Corps (CCC)
- planted 217 million trees during the Dust Bowl and created a windbreak that stretched from Texas to Canada
- provided relief for many unemployed young men between the ages of 18 and 25 (250,000 men) during the depression
National Industrial Recovery Act (NIRA)
- stimulated industrial and business activity and reduced unemployment (stabilized prices, raised wages, limited work hours, and provided jobs)
- created the Public Works Administration (PWA) and the National Recovery Administration (NRA)
Agricultural Adjustment Administration (AAA)
paid farmers to reduce their output of corn, cotton, dairy products, hogs, rice, tobacco, wheat, etc.
Tennessee Valley Authority (TVA)
built dams and built several power station that provided electricity, flood control, and recreational facilities for the region
Robert C. Weaver
African American adviser for the Department of the Interior on racial matters
- helped over 100 African Americans get posts in the federal government
Marian Anderson
a world-famous African American singer
John Collier
founded the American Indian Defense Association (fought to protect religious freedom and tribal property)
How did the program of the TVA affect daily life and the standard of living in the area?
provided electricity, flood control, and jobs
Securities and Exchange Commission (SEC)
regulates companies that sell stocks and bonds
What were the criticisms aimed at the new deal?
it destroyed the constitution and free enterprise