Chapter 23 Flashcards
To regulate the stock market, the Roosevelt Administration created the -
a) Federal Trade Commission
b) Securities and Exchange Commission
c) National Recovery Administration
d) Social Security Administration
b) Securities and Exchange Commission
The National Industrial Recovery Act set up -
a) trusts to promote competition
b) codes of fair competition
c) three work shifts per day
d) laws banning unions
b) codes of fair competition
In the case Schechter v United States, the Supreme Court -
a) struck down the first New Deal
b) struck down the NIRA
c) struck down deficit spending
d) struck down the Glass-Steagall Act
b) struck down the NIRA
Franklin Roosevelt’s “court-packing plan” was a serious mistake because -
a) many Americans opposed the idea of forced retirement
b) the angry judges reacted by striking down much of the New Deal legislation
c) it appeared to interfere with the Constitution’s separation of powers
d) the angry judges struck down the plan as unconstitutional
c) it appeared to interfere with the Constitution’s separation of powers
The Agricultural Adjustment tried to help farmers by -
a) paying them to grow more crops
b) paying them not to grow crops
c) buying farm surpluses
d) making land available for farming
b) paying them not to grow crops
Senator Huey Long wanted the government to -
a) share the wealth of the rich
b) balance the budget
c) pay citizens over 60 a monthly pension
d) stop interfering with business
a) share the wealth of the rich
The Federal Number One program employed -
a) young men ages 18 to 25
b) workers in the construction industry
c) displaced tenant farmers
d) people in the arts
d) people in the arts
Bank runs increased before Roosevelt’s inauguration because some people thought he would abandon -
a) the dollar
b) silver
c) the gold standard
d) mortgages
d) the gold standard
The Glass-Steagall Act separated commercial banking form -
a) the Securities and Exchange Commission
b) the Treasury Department
c) investment banking
d) bank holidays
c) investment banking
What was the period called between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis -
a) the First New Deal
b) the New Nationalism
c) the New Freedom
d) the Hundred Days
d) the Hundred Days
The Public Works Administration was created as a federal relief agency to put back to work the unemployed in the -
a) arts and entertainment industry
b) mining industry
c) fishing industry
d) construction industry
d) construction industry
In August 1934, business leaders and anti-New Deal politicians from both parties joined together to create the -
a) “Share Our Wealth” clubs
b) American Liberty League
c) National Union for Social Justice
d) Townshend Plan
b) American Liberty League
FDR established a place for polio sufferers to rehabilitate in this location -
a) Hot Springs, Arkansas
b) Warm Springs, Georgia
c) San Diego, California
d) Albany, New York
b) Warm Springs, Georgia
The National Labor Relations Act is also called the -
a) FERA
b) Wagner Act
c) HOLC
d) Glass-Steagall Act
b) Wagner Act
Franklin Roosevelt’s policies for ending the Depression were contained in 15 bills which became known as the _________
New Deal
To inform and reassure citizens, Franklin Roosevelt addressed them directly by radio in what were called ________
fireside chats
To pay for his new programs, Roosevelt abandoned a balanced budget and began using _____ spending.
deficit
The first _______ strike was against General Motors.
sit-down
CCC is an acronym for ________
Civilian Conservation Corps
AAA is an acronym for _________
Agricultural Adjustment Act
TVA is an acronym for ______
Tennessee Valley Authority
Those who agreed to abide by NIRA codes were allowed to display this symbol -
Blue eagle
FDR called his group of advisors his _______
brain trusts
Government relief payments were called _____
dole
Head of the United Mine Workers who helped to found the CIO
John L. Lewis
was an economist who believed in deficit spending; British economist who argued that the government should spend heavily during a recession
John Maynard Keynes
proposed a monthly government pension for citizens over age 60 to be entirely spent each month
Francis Townsend
head of the Federal Emergency Relief Administration and one of the most influential people in Roosevelt’s administration; head of the Works Progress Administration
Harry Hopkins
was the first female cabinet member; first woman to hold a cabinet post as Secretary of Labor
Frances Perkins
called for heavy taxes on the wealthy
Father Coughlin
Roosevelt’s plan to stabilize the economy included what are called the “three Rs.” Explain what word each of the Rs represents. Give an example of one program begun under each of the Rs and explain what it did.
Relief: Set up the FERA. This channeled half a billion dollars to state and local agencies for relief funds.
Recovery: set up the TVA. This allowed the building of hydroelectric plants and dams. The act improved seven southern states and brought industry to the South.
Reform: set up the Securities Act and the Glass-Steagall Act. Under the Securities Act, banks that sold stocks and bonds had to provide truthful information to investors and under the Glass-Steagall Act banks were no longer allowed to risk depositor’s money to speculate on the stock market.
T/F: Abandoning the gold standard would increase the value of the dollar.
False
T/F: The Agricultural Adjustment Administration paid cotton farmers to plow under much of their crop.
True
T/F: When people lost their jobs and could no longer pay their mortgages, the Home Owners’ Loan Corporation lengthened the term of their loans rather than foreclose on their property.
False
T/F: The left-wing critics of Roosevelt felt had had imposed too many regulations on business.
False
To fight the Depression, Roosevelt believed the first thing to do was to -
a) provide direct relief to people
b) set up public works programs
c) restore confidence in the banks
d) provide relief for farmers
c) restore confidence in the banks
The Committee for Industrial Organization set out to organize -
a) all workers in Michigan
b) all workers in GM’s Flint, Michigan, plant
c) all unskilled workers in the automobile industry
d) all skilled and unskilled workers in the automobile industry
d) all skilled and unskilled workers in the automobile industry
Franklin Roosevelt was born in 1882 to a wealthy family from -
a) Philadelphia
b) Denver
c) New York
d) Boston
c) New York
Bank runs increased before Roosevelt’s inauguration because some people thought he would abandon the gold standard and reduce the value of -
a) the dollar
b) silver
c) farm crops
d) mortgages
a) the dollar
Perhaps no group of Americans had been as badly hurt by the Depression as had the nation’s -
a) farmers
b) miners
c) factory workers
d) wealthy
a) farmers
A process whereby dissatisfied union members could take their complaints to a neutral party who would listen to both sides and decide the issue is called -
a) sit-down strikes
b) labor relations
c) union activism
d) binding arbitration
d) binding arbitration
What did the series of programs and reforms that Roosevelt launched in 1935 come to be called -
a) the Second New Deal
b) the Committee for Industrial Organization
c) the American Liberty League
d) the Townshend Plan
a) the Second New Deal
Perhaps the most serious threat to President Roosevelt from the left came from Democratic senator -
a) Huey Long
b) Francis Townshend
c) Charles Coughlin
d) Harry Hopkins
a) Huey Long