Chapter 21 Flashcards

0
Q

100 Days Congress

A

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

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1
Q

Fireside chats

A

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

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2
Q

Glass segel banking reform act

A

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.

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3
Q

AAA

A

raised crop prices by lowering production.

-financial reform

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4
Q

Civilian Conservation Corps

A

put young men to work on projects like forest preservation and flood control.
-financial reform&economic recovery

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5
Q

Federal emergency relief admin

A

Provided direct relief of food, clothing, and cash to the needy.
-relief for needy

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6
Q

National industrial recovery act

A

the umbrella for various agencies like NRA

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7
Q

National recovery admin

A

set codes of fair practice

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8
Q

Tennessee Valley authority

A

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.

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9
Q

21st Amendment

A

repealed prohibition. SIG: showed that morals can be put on the back burner, for profit.

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10
Q

New new deal act

A

Focuses mainly on:
-economic recovery
-financial reform
RURAL ELECTRIFICATION AGENCY- sponsored by taxing the wealthy. Expansion of Tennessee valley act.

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11
Q

Works progress act

A

-gave jobs to people, even artists & writers

SIG: new deal help everyone not just “essential people.”

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12
Q

Court packaging act

A

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.

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13
Q

Social security act

A

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

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14
Q

Deficit spending

A

Spending more money than the government receives in revenue. SIG:

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15
Q

Result of new deal

A

expanded power of executive branch.
-many banking and finance reform under the New Deal
Is still in place
-Long lasting effects are TVA and Social Security
-New Deal raised govt power, so Americans expected more