Chapter 23- Organizations Flashcards
FERA
Federal emergency relief Association
Granted funds to states so they can reopen relief agencies
Bank holiday
To halt nationwide academic of bank failures
CCC
Civilian conservation corps
Hired city dwellers to work and national parks
WPA
Works progress ministration
Put people to work building public buildings
PWA
Public works ministration
granted more than $3 billion to large public work projects
TVA
Tennessee Valley Authority
Bill giant Dams along the Tennessee River
NRA
National recovery administration
Aimed to keep prices stable
SEC
Securities exchange act
Provide governance and securities and regulate exchanges
SSA
Social Security Association
Makes sure you’re taking care of financially and offers insurance
Charles Coughlin
Use the radio to attract followers
called government to take over businesses
Francis townshend
Dr.
Americans would receive 200$ after age of 60
Huey long
Wanted to tax the wealthy and give it to the poor
Proposed The share our wealth plan for radio followers
Cause of the Great Depression
- overproduction
- inflated stalk prices (banks loaning too much money)
- unsafe trade
Why poverty??
- companies failed -> laid off workers
- less people that could afford products
- lost jobs -> couldn’t pay bills
- more homeless (Hoovervilles)
Why Hoover was inactive??
- cabinet advices that economy recovers self
- believes in laissez-fair economics (Doesn’t want gov’t to intervene)
