Chapter 21 Flashcards
100 Days Congress
congress quickly passed many important laws, expanding the gov’t role in economy.
-2 days after FDR’s inauguration he closed all banks.
-EMERGENCY BANKING RELIEF ACT- allowed healthy banks to reopen.
-it’s economy
SIG: was a step at fixing the economy
Fireside chats
FDR spoke directly to the American people in radio talks.
-it’s a relief for the needy
SIG: provided hope for the people, which they needed
Glass segel banking reform act
created FEDERAL DEPOSIT INSURANCE CORPORATION
-FDIC insured individual bank deposits in ensure
-switched money being backed by credit not gold
-financial reform
SIG: it worked at keeping the economy good.
AAA
raised crop prices by lowering production.
-financial reform
Civilian Conservation Corps
put young men to work on projects like forest preservation and flood control.
-financial reform&economic recovery
Federal emergency relief admin
Provided direct relief of food, clothing, and cash to the needy.
-relief for needy
National industrial recovery act
the umbrella for various agencies like NRA
National recovery admin
set codes of fair practice
Tennessee Valley authority
series of dams to prevent floods and provide cheap electricity for people.
-financial reform
SIG: was socialist because they provided an economically essential service, and socialism is usually a no-no, but it was necessary so PEOPLE ACCEPTED THE SOCIALISM.
21st Amendment
repealed prohibition. SIG: showed that morals can be put on the back burner, for profit.
New new deal act
Focuses mainly on:
-economic recovery
-financial reform
RURAL ELECTRIFICATION AGENCY- sponsored by taxing the wealthy. Expansion of Tennessee valley act.
Works progress act
-gave jobs to people, even artists & writers
SIG: new deal help everyone not just “essential people.”
Court packaging act
wanted to replace all judges in Supreme Court over 70, cause he was worried they didn’t support him
-congress denied his request
SIG: even FDR is limited to what he can do.
Social security act
provided aid to destitute elderly, est. retirement plans, unemployment insurance. More insurance than welfare because most earned social protection by working.
SIG: forever changes the relationship between the gov’t and you, cause you have a social security # and are mainly a source of income
Deficit spending
Spending more money than the government receives in revenue. SIG: